Motley Fool Asset Management LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Motley Fool Asset Management LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,543 shares of the ride-sharing company’s stock after purchasing an additional 3,354 shares during the period. Motley Fool Asset Management LLC’s holdings in Uber Technologies were worth $6,276,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC boosted its holdings in Uber Technologies by 29.4% during the third quarter. IHT Wealth Management LLC now owns 32,849 shares of the ride-sharing company’s stock worth $2,461,000 after buying an additional 7,467 shares in the last quarter. Insight Holdings Group LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $4,480,000. Investment Management Corp of Ontario grew its holdings in shares of Uber Technologies by 210.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 194,440 shares of the ride-sharing company’s stock worth $14,614,000 after acquiring an additional 131,847 shares during the period. Iron Gate Global Advisors LLC increased its stake in Uber Technologies by 11.2% in the 3rd quarter. Iron Gate Global Advisors LLC now owns 290,031 shares of the ride-sharing company’s stock valued at $21,799,000 after purchasing an additional 29,294 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in 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 worth $998,767,000 after purchasing an additional 2,056,273 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.4 %

UBER opened at $71.28 on Wednesday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $150.10 billion, a PE ratio of 35.46, a P/E/G ratio of 0.91 and a beta of 1.33. The firm’s fifty day moving average price is $75.18 and its 200 day moving average price is $71.41.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UBER shares. DA Davidson raised their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.51.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by company insiders.

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.