New England Research & Management Inc. Makes New $1.11 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

New England Research & Management Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,375 shares of the ride-sharing company's stock, valued at approximately $1,108,000.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Uber Technologies by 2.1% during the 3rd 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 in the last quarter. Edgewood Management LLC increased its holdings in 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 valued at $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after buying an additional 2,056,273 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after acquiring an additional 1,601,747 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after acquiring an additional 5,753,637 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction dated 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 in the company, 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 can be accessed through this link. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

UBER has been the subject of a number of research analyst reports. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. Jefferies Financial Group boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. JMP Securities lowered Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 price objective on the stock. in a report on Thursday, January 2nd. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. Finally, Loop Capital boosted their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $91.08.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.10 during trading hours on Thursday, reaching $66.66. 25,278,144 shares of the stock were exchanged, compared to its average volume of 25,055,869. 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, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a 50 day simple moving average of $65.77 and a 200-day simple moving average of $70.17. The stock has a market capitalization of $140.36 billion, a P/E ratio of 33.15, a P/E/G ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 analyst estimates of $10.99 billion. During the same period last year, the company earned $0.10 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share 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.