Geode Capital Management LLC Has $3.18 Billion Position in Uber Technologies, Inc. (NYSE:UBER)

Geode Capital Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,500,359 shares of the ride-sharing company’s stock after purchasing an additional 893,652 shares during the quarter. Geode Capital Management LLC owned approximately 2.02% of Uber Technologies worth $3,184,013,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UBER. Edgewood Management LLC lifted its holdings in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. Legal & General Group Plc raised its holdings in Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after acquiring an additional 237,976 shares during the period. Janus Henderson Group PLC lifted its position in Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Uber Technologies by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after purchasing an additional 1,601,747 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Uber Technologies by 9.6% in the 2nd quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock valued at $889,956,000 after buying an additional 1,076,876 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 0.5 %

UBER opened at $65.76 on Tuesday. The company’s 50 day moving average price is $74.47 and its two-hundred day moving average price is $71.49. The firm has a market capitalization of $138.47 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 0.82 and a beta of 1.33. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UBER. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $95.00 price objective on shares of Uber Technologies in a research note on Wednesday, December 4th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Finally, Raymond James started coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is owned by corporate insiders.

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.