Who’s smarter than hedge funds?
Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Uber Technologies by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 1,140,792 shares of the ride-sharing company’s stock worth $33,927,000 after acquiring an additional 36,940 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Uber Technologies by 306.6% during the fourth quarter. Nuveen Asset Management LLC now owns 2,546,152 shares of the ride-sharing company’s stock worth $75,723,000 after acquiring an additional 1,919,892 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $271,810,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Uber Technologies by 6.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,950 shares of the ride-sharing company’s stock worth $712,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Uber Technologies by 45.7% during the fourth quarter. Macquarie Group Ltd. now owns 443,433 shares of the ride-sharing company’s stock worth $13,188,000 after acquiring an additional 139,118 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.