Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Raised by Convergence Financial LLC

Convergence Financial LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,669 shares of the ride-sharing company’s stock after buying an additional 182 shares during the period. Convergence Financial LLC’s holdings in Uber Technologies were worth $402,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after acquiring an additional 5,753,637 shares during the period. Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies during the 4th quarter valued at about $166,072,000. Edgewood Management LLC raised its holdings in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Uber Technologies during the third quarter worth approximately $163,468,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on UBER shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Evercore ISI lowered their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Eight analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.94.

Uber Technologies Stock Up 1.2 %

Shares of UBER stock opened at $75.85 on Thursday. The stock’s 50 day simple moving average is $68.94 and its 200 day simple moving average is $71.47. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 company has a market capitalization of $158.46 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS 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.