Erste Asset Management GmbH Takes $8.83 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Erste Asset Management GmbH purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 144,500 shares of the ride-sharing company’s stock, valued at approximately $8,833,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $18,884,000. Rakuten Securities Inc. raised its holdings in Uber Technologies by 1,438.2% in the 4th quarter. Rakuten Securities Inc. now owns 11,844 shares of the ride-sharing company’s stock valued at $714,000 after acquiring an additional 11,074 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Uber Technologies by 3.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 99,757 shares of the ride-sharing company’s stock valued at $6,017,000 after acquiring an additional 3,484 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Uber Technologies during the 4th quarter worth $68,921,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in shares of Uber Technologies in the fourth quarter worth $1,380,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Piper Sandler restated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Performance

NYSE:UBER opened at $69.37 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a 50 day simple moving average of $71.71 and a two-hundred day simple moving average of $71.57. The company has a market capitalization of $144.91 billion, a PE ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.