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

Mackenzie Financial Corp increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 64.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,177 shares of the ride-sharing company’s stock after purchasing an additional 84,844 shares during the period. Mackenzie Financial Corp’s holdings in Uber Technologies were worth $13,310,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in Uber Technologies in the third quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 495 shares in the last quarter. CVA Family Office LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $30,000. Finally, Highlander Capital Management LLC boosted its position in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UBER shares. Roth Mkm upped their price objective on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. BMO Capital Markets boosted their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Bank of America raised their target price on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Uber Technologies Price Performance

NYSE:UBER opened at $69.22 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50 day moving average price of $76.89 and a 200-day moving average price of $63.50. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The firm has a market cap of $144.07 billion, a price-to-earnings ratio of 80.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

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.