AQR Capital Management LLC Has $100.50 Million Position in Uber Technologies, Inc. (NYSE:UBER)

AQR Capital Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 270.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,666,154 shares of the ride-sharing company’s stock after purchasing an additional 1,216,124 shares during the period. AQR Capital Management LLC’s holdings in Uber Technologies were worth $100,502,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Polianta Ltd acquired a new stake in Uber Technologies in the 4th quarter valued at $1,206,000. Allworth Financial LP grew its holdings in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Uber Technologies in the 4th quarter worth about $3,188,000. Mirador Capital Partners LP lifted its holdings in Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock valued at $5,140,000 after purchasing an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in Uber Technologies in the third quarter valued at about $8,243,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UBER shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 9th. UBS Group restated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $89.81.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last ninety days. Insiders own 3.70% of the company’s stock.

Uber Technologies Trading Up 1.4 %

UBER opened at $79.44 on Wednesday. The stock has a market capitalization of $166.17 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm’s fifty day simple moving average is $73.51 and its 200 day simple moving average is $71.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate 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.