Bailard Inc. Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bailard Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 95.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 292,442 shares of the ride-sharing company’s stock after buying an additional 142,582 shares during the period. Bailard Inc.’s holdings in Uber Technologies were worth $17,640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after purchasing an additional 893,652 shares during the period. Edgewood Management LLC boosted its position in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Jennison Associates LLC boosted its position in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Janus Henderson Group PLC boosted its position in Uber Technologies by 18.3% during the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after purchasing an additional 1,601,747 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

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

Analyst Ratings Changes

A number of research firms have weighed in on UBER. JPMorgan Chase & Co. decreased their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, 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 research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies Price Performance

UBER opened at $76.07 on Friday. The firm has a market cap of $158.90 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company’s 50-day moving average price is $69.53 and its 200 day moving average price is $71.54. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate 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 year.

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.