Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 67.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,015 shares of the ride-sharing company’s stock after purchasing an additional 1,615 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Uber Technologies were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Norges Bank purchased a new stake in Uber Technologies in the 4th quarter valued at $580,568,000. Altimeter Capital Management LP raised its position in Uber Technologies by 167.5% in the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after purchasing an additional 19,260,000 shares in the last quarter. Brown Advisory Inc. raised its position in Uber Technologies by 1,108.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares in the last quarter. Davidson Kempner Capital Management LP raised its position in shares of Uber Technologies by 104.0% during the 1st quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company’s stock worth $15,850,000 after acquiring an additional 13,000,000 shares in the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $178,126,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.1 %

Shares of Uber Technologies stock traded down $0.05 during midday trading on Thursday, hitting $71.89. The company’s stock had a trading volume of 1,401,509 shares, compared to its average volume of 19,277,520. The firm has a market capitalization of $149.63 billion, a P/E ratio of 83.63, a PEG ratio of 1.19 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $76.93 and a 200-day simple moving average of $63.28.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Truist Financial upped their target price on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group boosted their price target on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Susquehanna upped their target price on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.21.

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.