Mackenzie Financial Corp Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Mackenzie Financial Corp grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,313 shares of the ride-sharing company's stock after purchasing an additional 310,378 shares during the period. Mackenzie Financial Corp's holdings in Uber Technologies were worth $51,110,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the fourth quarter worth $27,000. Avion Wealth boosted its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC purchased a new position in Uber Technologies in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the fourth quarter worth $28,000. Finally, GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on UBER. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a research report on Friday. Citigroup boosted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Price Performance

NYSE:UBER traded up $1.25 during trading hours on Tuesday, hitting $89.00. 17,434,956 shares of the company's stock traded hands, compared to its average volume of 20,428,850. The firm has a market cap of $186.11 billion, a P/E ratio of 19.52, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The business's fifty day simple moving average is $78.47 and its two-hundred day simple moving average is $72.61. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,788 shares of company stock valued at $6,517,070. Company insiders own 3.84% 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.