Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Jennison Associates LLC

Jennison Associates LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,460,312 shares of the ride-sharing company’s stock after purchasing an additional 7,137,512 shares during the quarter. Uber Technologies accounts for approximately 1.0% of Jennison Associates LLC’s investment portfolio, making the stock its 25th largest holding. Jennison Associates LLC owned 1.26% of Uber Technologies worth $1,596,086,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. One Wealth Advisors LLC acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $200,000. Lazari Capital Management Inc. increased its stake in shares of Uber Technologies by 1.1% in the fourth quarter. Lazari Capital Management Inc. now owns 199,482 shares of the ride-sharing company’s stock worth $12,033,000 after acquiring an additional 2,121 shares during the period. Lederer & Associates Investment Counsel CA raised its holdings in shares of Uber Technologies by 61.6% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 17,188 shares of the ride-sharing company’s stock worth $1,037,000 after purchasing an additional 6,554 shares during the last quarter. Chicago Capital LLC lifted its position in Uber Technologies by 4.8% during the fourth quarter. Chicago Capital LLC now owns 904,716 shares of the ride-sharing company’s stock valued at $54,572,000 after purchasing an additional 41,374 shares during the period. Finally, Oak Family Advisors LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $3,535,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.4 %

Shares of NYSE:UBER opened at $66.86 on Monday. The business has a 50-day moving average price of $65.61 and a 200 day moving average price of $70.08. 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 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. KeyCorp reduced their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Loop Capital increased their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $91.08.

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.