Massachusetts Financial Services Co. MA Buys 13,758 Shares of Uber Technologies, Inc. (NYSE:UBER)

Massachusetts Financial Services Co. MA raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,478,538 shares of the ride-sharing company’s stock after purchasing an additional 13,758 shares during the period. Massachusetts Financial Services Co. MA owned 0.40% of Uber Technologies worth $637,247,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Uber Technologies by 73.5% during the first quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company’s stock worth $2,523,000 after purchasing an additional 13,887 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Uber Technologies in the first quarter valued at approximately $599,000. Axxcess Wealth Management LLC increased its position in shares of Uber Technologies by 167.2% during the first quarter. Axxcess Wealth Management LLC now owns 12,278 shares of the ride-sharing company’s stock worth $945,000 after acquiring an additional 7,683 shares during the period. Westwood Holdings Group Inc. purchased a new stake in Uber Technologies during the 1st quarter worth about $757,000. Finally, Gamco Investors INC. ET AL raised its holdings in Uber Technologies by 1,381.5% in the first quarter. Gamco Investors INC. ET AL now owns 61,334 shares of the ride-sharing company’s stock valued at $4,722,000 after acquiring an additional 57,194 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Raymond James initiated coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price for the company. DA Davidson upped their target price on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $69.71 on Friday. The firm’s 50-day moving average price is $75.46 and its 200-day moving average price is $71.10. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a market capitalization of $146.78 billion, a P/E ratio of 34.68, a P/E/G ratio of 0.69 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 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.