Mather Group LLC. Has $362,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mather Group LLC. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,010 shares of the ride-sharing company’s stock after acquiring an additional 653 shares during the period. Mather Group LLC.’s holdings in Uber Technologies were worth $362,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UBER. Jennison Associates LLC lifted its stake 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 purchasing an additional 7,137,512 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new stake in shares of Uber Technologies during the 4th quarter worth about $166,072,000. Edgewood Management LLC increased its holdings in shares of Uber Technologies by 10.5% during 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 acquiring an additional 2,627,768 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Uber Technologies during the 3rd quarter valued at about $163,468,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Bank of America upped their target price on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI decreased their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday. Finally, DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.19.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $70.04 on Friday. The stock has a market capitalization of $147.47 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 0.77 and a beta of 1.39. The firm’s 50-day moving average price is $65.31 and its two-hundred day moving average price is $70.07. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, equities analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.

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.