Livforsakringsbolaget Skandia Omsesidigt Has $1.07 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 327.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,166 shares of the ride-sharing company’s stock after purchasing an additional 10,851 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Uber Technologies were worth $1,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GLOBALT Investments LLC GA bought a new position in shares of Uber Technologies during the fourth quarter valued at $2,184,000. V Square Quantitative Management LLC acquired a new position in Uber Technologies during the 4th quarter worth about $625,000. Integrated Advisors Network LLC grew its position in shares of Uber Technologies by 18.6% in the 4th quarter. Integrated Advisors Network LLC now owns 10,375 shares of the ride-sharing company’s stock valued at $639,000 after buying an additional 1,629 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Uber Technologies by 16.6% in the fourth quarter. EP Wealth Advisors LLC now owns 20,354 shares of the ride-sharing company’s stock valued at $1,253,000 after buying an additional 2,904 shares during the period. Finally, Greenwood Capital Associates LLC raised its position in shares of Uber Technologies by 36.4% during the fourth quarter. Greenwood Capital Associates LLC now owns 116,435 shares of the ride-sharing company’s stock worth $7,169,000 after acquiring an additional 31,075 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Evercore ISI upped their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Roth Mkm lifted their price objective on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research started coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price on the stock. Finally, Melius Research assumed coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $88.11.

Uber Technologies Stock Performance

Shares of UBER opened at $86.34 on Friday. The stock has a 50 day moving average of $72.65 and a 200 day moving average of $70.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $87.00. The company has a market capitalization of $181.40 billion, a price-to-earnings ratio of 94.88, a PEG ratio of 1.35 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.