Banco Santander S.A. Has $32.63 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Banco Santander S.A. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 109.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 540,899 shares of the ride-sharing company’s stock after buying an additional 282,749 shares during the period. Banco Santander S.A.’s holdings in Uber Technologies were worth $32,627,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth approximately $35,000. Finally, Transcendent Capital Group LLC lifted its stake in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.9 %

UBER stock opened at $76.38 on Friday. The stock has a 50-day simple moving average of $70.92 and a two-hundred day simple moving average of $71.64. The firm has a market capitalization of $159.55 billion, a PE ratio of 16.75, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UBER shares. Tigress Financial boosted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

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.