Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,478,538 shares of the ride-sharing company's stock after buying an additional 13,758 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.40% of Uber Technologies worth $637,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. increased its position in shares of Uber Technologies by 73.5% during the 1st quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company's stock valued at $2,523,000 after purchasing an additional 13,887 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $599,000. Axxcess Wealth Management LLC increased its position in shares of Uber Technologies by 167.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 12,278 shares of the ride-sharing company's stock valued at $945,000 after purchasing an additional 7,683 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $757,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Uber Technologies by 1,381.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 61,334 shares of the ride-sharing company's stock valued at $4,722,000 after purchasing an additional 57,194 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.85 during midday trading on Friday, reaching $71.49. 14,864,008 shares of the stock traded hands, compared to its average volume of 18,328,041. The stock's fifty day moving average is $75.49 and its 200-day moving average is $71.09. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market cap of $150.54 billion, a P/E ratio of 35.58, a PEG ratio of 0.69 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The company's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. Roth Mkm raised their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. UBS Group raised their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Finally, JMP Securities raised their target price on Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $90.32.

Uber Technologies Company 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.