313,058 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The fund acquired 313,058 shares of the ride-sharing company’s stock, valued at approximately $18,884,000.

Several other hedge funds have also bought and sold shares of UBER. Rakuten Securities Inc. raised its holdings in Uber Technologies by 1,438.2% in the fourth quarter. Rakuten Securities Inc. now owns 11,844 shares of the ride-sharing company’s stock worth $714,000 after buying an additional 11,074 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Uber Technologies by 3.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 99,757 shares of the ride-sharing company’s stock worth $6,017,000 after buying an additional 3,484 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Uber Technologies in the fourth quarter worth about $68,921,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Uber Technologies in the fourth quarter worth about $1,380,000. Finally, Knuff & Co LLC raised its holdings in Uber Technologies by 134.3% in the fourth quarter. Knuff & Co LLC now owns 8,950 shares of the ride-sharing company’s stock worth $540,000 after buying an additional 5,130 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UBER shares. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI decreased their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. DA Davidson decreased their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Wolfe Research boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $69.37 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a fifty day moving average price of $71.71 and a 200 day moving average price of $71.57. 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 $144.91 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.84% of the stock is owned by company insiders.

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.