New England Research & Management Inc. Purchases Shares of 18,375 Uber Technologies, Inc. (NYSE:UBER)

New England Research & Management Inc. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 18,375 shares of the ride-sharing company’s stock, valued at approximately $1,108,000.

Other large investors have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its position in Uber Technologies by 1,705.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company’s stock worth $3,414,000 after buying an additional 53,457 shares during the last quarter. Swedbank AB boosted its holdings in shares of Uber Technologies by 9.0% during the fourth quarter. Swedbank AB now owns 1,103,161 shares of the ride-sharing company’s stock worth $66,543,000 after purchasing an additional 91,274 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Uber Technologies by 3.8% during the fourth quarter. Hantz Financial Services Inc. now owns 60,033 shares of the ride-sharing company’s stock valued at $3,621,000 after acquiring an additional 2,210 shares in the last quarter. Forsta AP Fonden boosted its holdings in Uber Technologies by 4.1% in the fourth quarter. Forsta AP Fonden now owns 591,600 shares of the ride-sharing company’s stock valued at $35,685,000 after acquiring an additional 23,400 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. bought a new position in Uber Technologies in the fourth quarter worth about $166,072,000. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Thursday, January 2nd. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. Cantor Fitzgerald raised their price target on Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday. DA Davidson raised their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Piper Sandler dropped their price objective on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Stock Down 2.0 %

Shares of Uber Technologies stock opened at $66.72 on Thursday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $65.83 and a two-hundred day moving average price of $70.19. The stock has a market capitalization of $140.50 billion, a P/E ratio of 33.20, a PEG ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

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.