Massachusetts Financial Services Co. MA Buys 2,051,548 Shares of Uber Technologies, Inc. (NYSE:UBER)

Massachusetts Financial Services Co. MA increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,979,474 shares of the ride-sharing company's stock after purchasing an additional 2,051,548 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.39% of Uber Technologies worth $491,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UBER. New York State Teachers Retirement System boosted its holdings in shares of Uber Technologies by 70.3% during the 3rd quarter. New York State Teachers Retirement System now owns 40,163 shares of the ride-sharing company's stock valued at $1,847,000 after acquiring an additional 16,576 shares in the last quarter. Sandy Spring Bank grew its holdings in shares of Uber Technologies by 12.1% during the third quarter. Sandy Spring Bank now owns 2,789 shares of the ride-sharing company's stock worth $128,000 after purchasing an additional 300 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Uber Technologies by 6.3% during the third quarter. Arete Wealth Advisors LLC now owns 8,913 shares of the ride-sharing company's stock worth $410,000 after purchasing an additional 525 shares during the last quarter. Congress Wealth Management LLC DE increased its stake in shares of Uber Technologies by 2.4% in the third quarter. Congress Wealth Management LLC DE now owns 94,042 shares of the ride-sharing company's stock valued at $4,325,000 after buying an additional 2,234 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Uber Technologies by 0.8% in the 3rd quarter. CIBC Asset Management Inc now owns 67,197 shares of the ride-sharing company's stock valued at $3,090,000 after buying an additional 560 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Stock Down 1.5 %

Shares of UBER stock traded down $0.99 during trading hours on Monday, reaching $66.00. The company had a trading volume of 18,972,421 shares, compared to its average volume of 20,598,063. The company has a market cap of $137.91 billion, a price-to-earnings ratio of 106.45, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14. The business has a fifty day simple moving average of $73.98 and a 200-day simple moving average of $66.51.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to analysts' expectations of $10.09 billion. During the same period in the previous year, the company posted ($0.08) earnings per share. The company's quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Uber Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on UBER shares. Tigress Financial upped their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Royal Bank of Canada lowered their target price on Uber Technologies from $85.00 to $80.00 and set an "outperform" rating for the company in a research report on Thursday. Roth Mkm reissued a "buy" rating and issued a $89.00 price target (down previously from $91.00) on shares of Uber Technologies in a research note on Friday. BTIG Research lifted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Finally, UBS Group lowered their price target on shares of Uber Technologies from $100.00 to $95.00 and set a "buy" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.75.

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.

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