Gulf International Bank UK Ltd Has $8.97 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Gulf International Bank UK Ltd lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,660 shares of the ride-sharing company’s stock after selling 1,545 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Uber Technologies were worth $8,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UBER. Avion Wealth grew its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $35,000. Finally, Transcendent Capital Group LLC boosted its position 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 valued at $42,000 after buying an additional 550 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on 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 owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by insiders.

Uber Technologies Stock Up 1.2 %

Shares of Uber Technologies stock opened at $75.85 on Thursday. The company has a market cap of $158.46 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $68.94 and its 200 day moving average is $71.47. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UBER. Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. UBS Group restated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Citigroup lowered their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Tigress Financial increased their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Eight research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.94.

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.