Synergy Investment Management LLC Acquires Shares of 1,436 Uber Technologies, Inc. (NYSE:UBER)

Synergy Investment Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,436 shares of the ride-sharing company’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Jennison Associates LLC raised its stake in Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after buying an additional 5,753,637 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $166,072,000. Edgewood Management LLC raised its stake in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Uber Technologies by 1,370.1% during the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock valued at $134,144,000 after buying an additional 2,064,382 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $90.81.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $75.33 on Wednesday. The stock has a fifty day moving average price of $70.05 and a two-hundred day moving average price of $71.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market cap of $157.37 billion, a P/E ratio of 16.52, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.84% of the company’s stock.

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.