Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Good Life Advisors LLC

Good Life Advisors LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 113.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,910 shares of the ride-sharing company's stock after buying an additional 9,534 shares during the period. Good Life Advisors LLC's holdings in Uber Technologies were worth $1,080,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Uber Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock worth $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Edgewood Management LLC grew its stake in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after purchasing an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after purchasing an additional 1,601,747 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Thursday, October 31st. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.91.

Insider Activity at Uber Technologies

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 transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade 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 accessible through this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $2.55 during mid-day trading on Friday, hitting $78.71. 15,087,521 shares of the company's stock traded hands, compared to its average volume of 28,633,488. The company's 50-day moving average is $67.67 and its two-hundred day moving average is $71.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market capitalization of $164.43 billion, a P/E ratio of 17.24, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies 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.