Lingotto Investment Management LLP Buys 21,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Lingotto Investment Management LLP raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 121,113 shares of the ride-sharing company’s stock after acquiring an additional 21,000 shares during the quarter. Lingotto Investment Management LLP’s holdings in Uber Technologies were worth $7,306,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. AMF Tjanstepension AB bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $163,468,000. Allworth Financial LP raised its stake in shares of Uber Technologies by 12.9% in the third quarter. Allworth Financial LP now owns 18,718 shares of the ride-sharing company’s stock valued at $1,407,000 after purchasing an additional 2,135 shares in the last quarter. Modera Wealth Management LLC lifted its position in Uber Technologies by 13.1% in the third quarter. Modera Wealth Management LLC now owns 5,157 shares of the ride-sharing company’s stock worth $388,000 after purchasing an additional 597 shares during the period. Autumn Glory Partners LLC boosted its stake in Uber Technologies by 100.0% during the third quarter. Autumn Glory Partners LLC now owns 6,460 shares of the ride-sharing company’s stock worth $486,000 after buying an additional 3,230 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC increased its holdings in Uber Technologies by 48.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 165,805 shares of the ride-sharing company’s stock valued at $12,309,000 after buying an additional 54,084 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $74.97 on Wednesday. The firm has a fifty day moving average of $68.65 and a two-hundred day moving average of $71.44. 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 stock has a market capitalization of $156.61 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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 return on equity of 62.60% and a net margin of 22.41%. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on UBER shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Tigress Financial lifted their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies 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.