Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 947,353 shares of the ride-sharing company’s stock after buying an additional 17,267 shares during the period. Handelsbanken Fonder AB’s holdings in Uber Technologies were worth $71,203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in Uber Technologies in the 4th quarter valued at about $53,000. Peapack Gladstone Financial Corp acquired a new position in shares of Uber Technologies during the fourth quarter valued at approximately $237,000. CIBC Private Wealth Group LLC increased its stake in shares of Uber Technologies by 70.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock valued at $959,000 after acquiring an additional 6,426 shares during the period. Envestnet Asset Management Inc. raised its holdings in Uber Technologies by 6.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,946,608 shares of the ride-sharing company’s stock worth $181,423,000 after purchasing an additional 168,414 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its position in Uber Technologies by 122.4% in the fourth quarter. Morningstar Investment Services LLC now owns 10,168 shares of the ride-sharing company’s stock worth $642,000 after purchasing an additional 5,597 shares during the period. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UBER shares. The Goldman Sachs Group lifted their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, September 30th. DA Davidson upped their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. Finally, Bank of America reissued a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.81.

Uber Technologies Stock Up 1.8 %

NYSE:UBER traded up $1.34 during mid-day trading on Friday, reaching $74.28. The stock had a trading volume of 10,757,712 shares, compared to its average volume of 17,910,965. The stock has a market cap of $156.06 billion, a P/E ratio of 119.81, a PEG ratio of 1.32 and a beta of 1.33. The business’s 50 day moving average is $71.02 and its 200 day moving average is $70.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.