Andra AP fonden Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Andra AP fonden trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 297,500 shares of the ride-sharing company’s stock after selling 79,000 shares during the quarter. Andra AP fonden’s holdings in Uber Technologies were worth $17,945,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Welch & Forbes LLC increased its stake in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after purchasing an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its holdings in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC boosted its holdings in Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after acquiring an additional 155 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 155 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 1.9 %

UBER opened at $76.38 on Friday. The stock’s fifty day moving average is $70.92 and its two-hundred day moving average is $71.64. The company has a market capitalization of $159.55 billion, a P/E ratio of 16.75, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UBER shares. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Citigroup reduced their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company dropped their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.71.

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 value of $2,511,620.00. Following the completion of the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.