Pacer Advisors Inc. Has $14.67 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Pacer Advisors Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 47.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 243,269 shares of the ride-sharing company’s stock after purchasing an additional 78,459 shares during the period. Pacer Advisors Inc.’s holdings in Uber Technologies were worth $14,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $35,000. Kieckhefer Group LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $33,000. Transcendent Capital Group LLC boosted its position in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in shares of Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after buying an additional 276 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Cantor Fitzgerald lifted their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 1.0 %

Shares of Uber Technologies stock opened at $68.08 on Wednesday. The firm has a market cap of $143.35 billion, a PE ratio of 33.87, a P/E/G ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year 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. The stock has a fifty day moving average price of $65.83 and a 200-day moving average price of $70.19.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.86 EPS for the current year.

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.