Assenagon Asset Management S.A. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Assenagon Asset Management S.A. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 670.6% during the 4th quarter, HoldingsChannel reports. The firm owned 6,611,557 shares of the ride-sharing company’s stock after acquiring an additional 5,753,637 shares during the period. Uber Technologies accounts for 0.6% of Assenagon Asset Management S.A.’s portfolio, making the stock its 17th biggest position. Assenagon Asset Management S.A.’s holdings in Uber Technologies were worth $398,809,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in Uber Technologies by 58.0% during the second quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock worth $94,000 after purchasing an additional 477 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Uber Technologies by 10.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock worth $615,220,000 after purchasing an additional 821,508 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Uber Technologies by 13.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock worth $203,401,000 after buying an additional 341,312 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Uber Technologies by 278.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock valued at $3,275,000 after buying an additional 33,142 shares during the period. Finally, One Capital Management LLC boosted its stake in shares of Uber Technologies by 26.2% in the second quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock valued at $254,000 after buying an additional 725 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was 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. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on UBER. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Tigress Financial upped their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. Finally, DA Davidson raised their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, thirty-one 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Down 1.1 %

Shares of Uber Technologies stock opened at $64.98 on Wednesday. The business has a 50-day moving average price of $66.58 and a 200 day moving average price of $70.43. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a market cap of $136.83 billion, a P/E ratio of 32.33, a P/E/G ratio of 0.75 and a beta of 1.36. 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) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

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.