Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,353 shares of the ride-sharing company’s stock after acquiring an additional 14,708 shares during the period. Park Avenue Securities LLC’s holdings in Uber Technologies were worth $6,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Assenagon Asset Management S.A. lifted its stake in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after buying an additional 3,179,308 shares in the last quarter. Edgewood Management LLC raised its holdings in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the period. AMF Tjanstepension AB acquired a new position in Uber Technologies during the 3rd quarter worth approximately $163,468,000. Finally, Nordea Investment Management AB boosted its holdings in Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock worth $134,144,000 after acquiring an additional 2,064,382 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Tigress Financial lifted their target price on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. DA Davidson increased their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Raymond James initiated coverage on Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Performance

Shares of UBER stock opened at $67.06 on Thursday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $141.21 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The business has a 50 day simple moving average of $66.43 and a 200 day simple moving average of $70.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current year.

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.