Hodges Capital Management Inc. Has $33.03 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Hodges Capital Management Inc. trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 0.1% during the 4th quarter, HoldingsChannel reports. The fund owned 547,657 shares of the ride-sharing company’s stock after selling 462 shares during the quarter. Uber Technologies comprises 2.0% of Hodges Capital Management Inc.’s holdings, making the stock its 8th biggest position. Hodges Capital Management Inc.’s holdings in Uber Technologies were worth $33,034,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC grew its position in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. One Wealth Advisors LLC bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $200,000. Lazari Capital Management Inc. lifted its stake in shares of Uber Technologies by 1.1% in the fourth quarter. Lazari Capital Management Inc. now owns 199,482 shares of the ride-sharing company’s stock worth $12,033,000 after buying an additional 2,121 shares in the last quarter. Lederer & Associates Investment Counsel CA increased its position in shares of Uber Technologies by 61.6% during the fourth quarter. Lederer & Associates Investment Counsel CA now owns 17,188 shares of the ride-sharing company’s stock valued at $1,037,000 after acquiring an additional 6,554 shares in the last quarter. Finally, Chicago Capital LLC raised its holdings in Uber Technologies by 4.8% in the 4th quarter. Chicago Capital LLC now owns 904,716 shares of the ride-sharing company’s stock worth $54,572,000 after acquiring an additional 41,374 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.4 %

UBER stock opened at $66.86 on Monday. 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, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business has a 50 day simple moving average of $65.61 and a two-hundred day simple moving average of $70.08. The company has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling 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 value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBER. DA Davidson lifted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. KeyCorp decreased their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America raised their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler lowered their price objective on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

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.