Wolff Wiese Magana LLC Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Wolff Wiese Magana LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,730.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,837 shares of the ride-sharing company’s stock after buying an additional 2,682 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Uber Technologies were worth $171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Brown Brothers Harriman & Co. lifted its position 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 valued at $94,000 after purchasing an additional 477 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Uber Technologies by 10.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock valued at $615,220,000 after buying an additional 821,508 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Uber Technologies by 13.9% in the second 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 during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Uber Technologies by 278.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock worth $3,275,000 after buying an additional 33,142 shares during the last quarter. Finally, One Capital Management LLC grew its holdings in Uber Technologies by 26.2% during the second quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock worth $254,000 after acquiring an additional 725 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE:UBER opened at $66.34 on Wednesday. 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 12 month low of $54.84 and a 12 month high of $87.00. The business’s fifty day moving average price is $66.58 and its 200 day moving average price is $70.43. The firm has a market capitalization of $139.69 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced 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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. 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 business earned $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. 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 research report on Thursday, January 2nd. The Goldman Sachs Group restated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. UBS Group increased their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.53.

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.