Ithaka Group LLC Acquires 22,962 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ithaka Group LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 156,352 shares of the ride-sharing company’s stock after purchasing an additional 22,962 shares during the quarter. Uber Technologies makes up about 1.7% of Ithaka Group LLC’s investment portfolio, making the stock its 22nd largest position. Ithaka Group LLC’s holdings in Uber Technologies were worth $9,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in Uber Technologies during the 4th quarter worth $166,072,000. Edgewood Management LLC lifted its holdings in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Uber Technologies by 1,370.1% during the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock worth $134,144,000 after acquiring an additional 2,064,382 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $71.29 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business’s 50 day simple moving average is $71.59 and its 200 day simple moving average is $71.59. The stock has a market capitalization of $148.92 billion, a PE ratio of 15.63, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Piper Sandler reissued an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.84% of the company’s stock.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.