Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 18.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,286,812 shares of the ride-sharing company’s stock after buying an additional 2,056,273 shares during the quarter. Janus Henderson Group PLC’s holdings in Uber Technologies were worth $998,767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC grew its stake in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. MCF Advisors LLC raised its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Founders Capital Management bought a new stake in Uber Technologies in the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD bought a new position in Uber Technologies in the 2nd quarter valued at $36,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UBER shares. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Loop Capital lifted their price objective on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JMP Securities lifted their price target on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. Finally, Oppenheimer upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Six 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.08 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business’s 50 day simple moving average is $75.31 and its 200 day simple moving average is $71.37. The stock has a market capitalization of $153.89 billion, a PE ratio of 36.36, a PEG ratio of 0.90 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

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.