Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by HS Management Partners LLC

HS Management Partners LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 149.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,118,950 shares of the ride-sharing company’s stock after purchasing an additional 670,345 shares during the period. Uber Technologies makes up 4.6% of HS Management Partners LLC’s portfolio, making the stock its 9th biggest position. HS Management Partners LLC’s holdings in Uber Technologies were worth $67,495,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UBER. Jmac Enterprises LLC grew its holdings in Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after acquiring an additional 150 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC grew its holdings in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares in the last quarter. Drive Wealth Management LLC grew its holdings in Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after acquiring an additional 155 shares in the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in Uber Technologies by 2.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 155 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.7 %

UBER stock opened at $76.57 on Thursday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a market capitalization of $159.96 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s 50-day moving average is $70.35 and its two-hundred day moving average is $71.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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, 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%. On average, analysts forecast 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 business’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 directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Citigroup reduced their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.81.

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.