LGT Group Foundation Takes $5.59 Million Position in Uber Technologies, Inc. (NYSE:UBER)

LGT Group Foundation acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, HoldingsChannel reports. The fund acquired 92,600 shares of the ride-sharing company’s stock, valued at approximately $5,586,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after buying an additional 893,652 shares during the period. Edgewood Management LLC lifted its holdings in shares of Uber Technologies by 10.5% in 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 buying an additional 2,627,768 shares during the period. Jennison Associates LLC lifted its holdings in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after buying an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Uber Technologies by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after buying an additional 1,601,747 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UBER shares. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies Trading Down 2.2 %

Shares of Uber Technologies stock opened at $74.37 on Tuesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a market cap of $155.36 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s 50 day simple moving average is $69.78 and its 200-day simple moving average is $71.54. 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 (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.