Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Jmac Enterprises LLC

Jmac Enterprises LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,713 shares of the ride-sharing company’s stock after purchasing an additional 373 shares during the period. Jmac Enterprises LLC’s holdings in Uber Technologies were worth $465,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. AMF Tjanstepension AB acquired a new position in shares of Uber Technologies in the third quarter worth $163,468,000. Carnegie Investment Counsel purchased a new stake in Uber Technologies during the 3rd quarter worth about $742,000. Exchange Traded Concepts LLC raised its stake in Uber Technologies by 395.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after purchasing an additional 3,918 shares during the last quarter. CHICAGO TRUST Co NA purchased a new position in Uber Technologies in the 3rd quarter valued at about $237,000. Finally, Redhawk Wealth Advisors Inc. boosted its stake in shares of Uber Technologies by 7.2% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 13,200 shares of the ride-sharing company’s stock worth $992,000 after purchasing an additional 892 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. JPMorgan Chase & Co. dropped their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.70.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on 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 sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $76.90 on Wednesday. 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 firm’s 50 day moving average is $65.45 and its two-hundred day moving average is $70.26. The firm has a market capitalization of $161.93 billion, a P/E ratio of 16.86, a PEG ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current 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.