Uber Technologies, Inc. (NYSE:UBER) Stake Increased by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 434,309 shares of the ride-sharing company's stock after purchasing an additional 98,942 shares during the period. Uber Technologies makes up approximately 11.4% of Investment Management Associates Inc. ADV's portfolio, making the stock its biggest holding. Investment Management Associates Inc. ADV's holdings in Uber Technologies were worth $26,198,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Uber Technologies by 2.1% during 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 holdings 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 valued at $2,070,813,000 after acquiring an additional 2,627,768 shares in the last quarter. Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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.

Uber Technologies Trading Down 2.9 %

Shares of UBER stock traded down $2.38 on Friday, hitting $78.89. 21,758,503 shares of the company's stock traded hands, compared to its average volume of 28,847,662. The stock has a market capitalization of $164.79 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39. The company's fifty day simple moving average is $67.67 and its 200 day simple moving average is $71.11. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.91.

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.