HighVista Strategies LLC Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

HighVista Strategies LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,600 shares of the ride-sharing company’s stock, valued at approximately $1,323,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Ameriprise Financial Inc. increased its stake in shares of Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. Edgewood Management LLC grew its holdings in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. AMF Tjanstepension AB purchased a new stake in shares of Uber Technologies during the 3rd quarter worth about $163,468,000. Samlyn Capital LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter worth about $134,987,000. Finally, Ensign Peak Advisors Inc grew its holdings in shares of Uber Technologies by 64.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 4,633,697 shares of the ride-sharing company’s stock worth $336,777,000 after purchasing an additional 1,824,162 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Up 1.6 %

Shares of UBER stock opened at $73.08 on Tuesday. The stock has a 50-day simple moving average of $75.31 and a 200 day simple moving average of $71.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $153.89 billion, a P/E ratio of 36.36, a P/E/G ratio of 0.90 and a beta of 1.33. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Evercore ISI upped their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. JMP Securities upped their price target on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Finally, UBS Group upped their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.51.

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.