Symmetry Investments LP Purchases Shares of 100,280 Uber Technologies, Inc. (NYSE:UBER)

Symmetry Investments LP purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 100,280 shares of the ride-sharing company’s stock, valued at approximately $6,174,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,415,778,000. Edgewood Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $783,401,000. Capital Research Global Investors lifted its stake in shares of Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Uber Technologies by 41.0% in the 4th quarter. Northern Trust Corp now owns 17,419,446 shares of the ride-sharing company’s stock valued at $1,072,515,000 after purchasing an additional 5,063,412 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Uber Technologies by 75.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock valued at $631,484,000 after purchasing an additional 4,402,382 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.71 on Monday, hitting $68.60. The company’s stock had a trading volume of 19,087,028 shares, compared to its average volume of 19,993,162. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a market capitalization of $143.34 billion, a price-to-earnings ratio of 111.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day moving average is $69.07 and its two-hundred day moving average is $68.56.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UBER. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Roth Mkm reissued a “buy” rating and set a $89.00 price target (down from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. JMP Securities reissued a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, May 16th. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, BTIG Research boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 89,234 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 89,234 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares in the company, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 607,984 shares of company stock valued at $40,279,537. Company insiders own 3.80% of the company’s stock.

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.