Commonwealth Equity Services LLC Buys 159,886 Shares of Uber Technologies, Inc. (NYSE:UBER)

Commonwealth Equity Services LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 737,801 shares of the ride-sharing company’s stock after purchasing an additional 159,886 shares during the period. Commonwealth Equity Services LLC’s holdings in Uber Technologies were worth $44,504,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jennison Associates LLC raised its position 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 worth $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after acquiring an additional 5,753,637 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Uber Technologies in the 4th quarter worth about $166,072,000. Edgewood Management LLC raised its position 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 worth $2,070,813,000 after acquiring an additional 2,627,768 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Uber Technologies by 1,370.1% in the 4th 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. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Uber Technologies stock opened at $71.67 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $71.85 and its 200 day simple moving average is $71.56. The company has a market cap of $149.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 and a beta of 1.39.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.31.

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.