Jones Financial Companies Lllp Purchases 35,047 Shares of Uber Technologies, Inc. (NYSE:UBER)

Jones Financial Companies Lllp raised its position in Uber Technologies, Inc. (NYSE:UBER) by 24.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 178,956 shares of the ride-sharing company’s stock after purchasing an additional 35,047 shares during the period. Jones Financial Companies Lllp’s holdings in Uber Technologies were worth $10,795,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Modera Wealth Management LLC raised its stake in shares of Uber Technologies by 8.2% during the 4th quarter. Modera Wealth Management LLC now owns 5,579 shares of the ride-sharing company’s stock worth $337,000 after purchasing an additional 422 shares during the period. SRS Capital Advisors Inc. increased its holdings in Uber Technologies by 50.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 14,777 shares of the ride-sharing company’s stock worth $891,000 after buying an additional 4,969 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its position in Uber Technologies by 27.0% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 7,720 shares of the ride-sharing company’s stock worth $466,000 after acquiring an additional 1,640 shares during the period. Bailard Inc. raised its position in Uber Technologies by 95.1% in the fourth quarter. Bailard Inc. now owns 292,442 shares of the ride-sharing company’s stock worth $17,640,000 after acquiring an additional 142,582 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $100,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBER. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup dropped their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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. 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, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a market cap of $155.36 billion, a PE ratio of 16.31, a PEG ratio of 0.89 and a beta of 1.39. The company has a 50 day simple moving average of $69.78 and a two-hundred day simple moving average of $71.54.

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

About Uber Technologies

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.