Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Jmac Enterprises LLC

Jmac Enterprises LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,340 shares of the ride-sharing company’s stock after acquiring an additional 150 shares during the period. Jmac Enterprises LLC’s holdings in Uber Technologies were worth $552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. GQG Partners LLC raised its position in Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the last quarter. Allen Investment Management LLC boosted its stake in shares of Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock worth $410,995,000 after purchasing an additional 5,163,635 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after buying an additional 3,623,951 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $76.36 on Thursday. Uber Technologies, Inc. has a 52-week low of $48.90 and a 52-week high of $87.00. The stock has a market cap of $160.79 billion, a PE ratio of 36.98, a P/E/G ratio of 1.16 and a beta of 1.34. The firm has a 50-day moving average of $75.45 and a 200-day moving average of $70.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS 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 firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.15 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was 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 directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Truist Financial dropped their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Melius Research assumed coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. JMP Securities increased their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Finally, Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

About Uber Technologies

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.