Forsta AP Fonden boosted its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 591,600 shares of the ride-sharing company’s stock after buying an additional 23,400 shares during the quarter. Forsta AP Fonden’s holdings in Uber Technologies were worth $35,685,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kieckhefer Group LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Transcendent Capital Group LLC grew its holdings in 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 purchasing an additional 550 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in shares of Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares during the period. Institutional investors own 80.24% of the company’s stock.
Insiders Place Their Bets
In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Report on UBER
Uber Technologies Stock Performance
NYSE:UBER opened at $68.08 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm’s fifty day simple moving average is $65.83 and its 200-day simple moving average is $70.19. The stock has a market cap of $143.35 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal 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.
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