Annex Advisory Services LLC Takes $14.98 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Annex Advisory Services LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 248,343 shares of the ride-sharing company's stock, valued at approximately $14,980,000.

Other large investors also recently modified their holdings of the company. CENTRAL TRUST Co grew its holdings in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock valued at $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC grew its holdings in Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after purchasing an additional 131 shares during the period. DT Investment Partners LLC grew its holdings in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after purchasing an additional 145 shares during the period. Jmac Enterprises LLC grew its holdings in Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock valued at $552,000 after purchasing an additional 150 shares during the period. Finally, Canopy Partners LLC grew its holdings in Uber Technologies by 2.2% during the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company's stock valued at $523,000 after purchasing an additional 151 shares during the period. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. Oppenheimer boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. The Goldman Sachs Group restated a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Daiwa Capital Markets downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective on the stock. in a research report on Thursday, October 17th. Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. Finally, UBS Group boosted their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $91.53.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company's 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 owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company's stock.

Uber Technologies Stock Performance

UBER traded down $1.28 on Monday, reaching $67.30. 27,057,083 shares of the stock were exchanged, compared to its average volume of 22,576,684. The company's 50-day moving average price is $66.16 and its 200 day moving average price is $70.33. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $141.71 billion, a PE ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm's revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.9 EPS 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.