Los Angeles Capital Management LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Los Angeles Capital Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 41.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,440,163 shares of the ride-sharing company’s stock after purchasing an additional 424,237 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Uber Technologies worth $86,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Trifecta Capital Advisors LLC boosted its position in shares of Uber Technologies by 5.2% during the 4th quarter. Trifecta Capital Advisors LLC now owns 86,185 shares of the ride-sharing company’s stock worth $5,199,000 after purchasing an additional 4,245 shares during the period. Mengis Capital Management Inc. lifted its holdings in Uber Technologies by 5.2% during the 4th quarter. Mengis Capital Management Inc. now owns 30,195 shares of the ride-sharing company’s stock worth $1,821,000 after buying an additional 1,500 shares in the last quarter. Holistic Financial Partners lifted its holdings in Uber Technologies by 8.5% during the 4th quarter. Holistic Financial Partners now owns 3,636 shares of the ride-sharing company’s stock worth $219,000 after buying an additional 285 shares in the last quarter. IFP Advisors Inc lifted its holdings in Uber Technologies by 35.7% during the 4th quarter. IFP Advisors Inc now owns 34,477 shares of the ride-sharing company’s stock worth $2,080,000 after buying an additional 9,061 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $4,495,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UBER. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.94.

Uber Technologies Price Performance

Uber Technologies stock opened at $76.34 on Tuesday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a fifty day moving average of $68.05 and a 200-day moving average of $71.34. The firm has a market capitalization of $159.46 billion, a P/E ratio of 16.74, a PEG ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.