Jones Financial Companies Lllp Has $10.80 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Jones Financial Companies Lllp grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,956 shares of the ride-sharing company’s stock after acquiring an additional 35,047 shares during the quarter. Jones Financial Companies Lllp’s holdings in Uber Technologies were worth $10,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UBER. Ascent Wealth Partners LLC acquired a new position in Uber Technologies during the 3rd quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares in the last quarter. Aviso Wealth Management bought a new position in shares of Uber Technologies in the 3rd quarter valued at $2,302,000. Polianta Ltd bought a new position in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Finally, Allworth Financial LP boosted its holdings in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Tigress Financial upped their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.94.

Insider Transactions at Uber Technologies

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

Uber Technologies Trading Down 2.2 %

Shares of Uber Technologies stock opened at $74.37 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a 50 day moving average price of $69.78 and a two-hundred day moving average price of $71.54. The stock has a market capitalization of $155.36 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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 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, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.