Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 185.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,944,122 shares of the ride-sharing company’s stock after acquiring an additional 3,213,815 shares during the period. Uber Technologies makes up 0.7% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 16th largest position. Lord Abbett & CO. LLC’s holdings in Uber Technologies were worth $252,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. AXA S.A. acquired a new position in shares of Uber Technologies in the 3rd quarter worth approximately $25,000. DB Wealth Management Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $26,000. Truvestments Capital LLC grew its position in shares of Uber Technologies by 221.6% in the 3rd quarter. Truvestments Capital LLC now owns 804 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 554 shares in the last quarter. Glassman Wealth Services grew its position in shares of Uber Technologies by 93.4% in the 4th quarter. Glassman Wealth Services now owns 671 shares of the ride-sharing company’s stock worth $34,000 after acquiring an additional 324 shares in the last quarter. Finally, Lenox Wealth Advisors LLC grew its position in shares of Uber Technologies by 37.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 688 shares of the ride-sharing company’s stock worth $35,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

UBER stock traded down $1.16 during mid-day trading on Tuesday, reaching $54.15. 283,739 shares of the stock traded hands, compared to its average volume of 23,594,514. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.69. Uber Technologies, Inc. has a 52-week low of $13.71 and a 52-week high of $64.05. The company has a market cap of $95.51 billion, a P/E ratio of -13.90 and a beta of 1.60. The stock’s fifty day moving average is $56.21 and its 200-day moving average is $44.75.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 10th. The ride-sharing company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.01). Uber Technologies had a negative net margin of 53.12% and a negative return on equity of 43.27%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the prior year, the company posted ($0.64) earnings per share. Uber Technologies’s quarterly revenue was down 15.5% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post -3.86 earnings per share for the current year.

A number of research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Uber Technologies from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. Susquehanna boosted their price objective on Uber Technologies from $45.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 11th. The Goldman Sachs Group boosted their price objective on Uber Technologies from $42.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Cowen boosted their price objective on Uber Technologies from $64.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 11th. Finally, Wedbush lifted their target price on Uber Technologies from $60.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, February 11th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $60.21.

In other news, insider Jill Hazelbaker sold 20,756 shares of the stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $60.12, for a total value of $1,247,850.72. Following the completion of the sale, the insider now directly owns 147,709 shares of the company’s stock, valued at $8,880,265.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cayman 2 Ltd. Sb sold 38,000,000 shares of the stock in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $53.46, for a total transaction of $2,031,480,000.00. The disclosure for this sale can be found here. Insiders have sold 38,387,756 shares of company stock valued at $2,052,603,891 over the last ninety days. Insiders own 8.66% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

Further Reading: Back-End Load

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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