Rovida Advisors Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Rovida Advisors Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 81,815 shares of the ride-sharing company’s stock, valued at approximately $4,936,000. Uber Technologies makes up about 3.8% of Rovida Advisors Inc.’s portfolio, making the stock its 9th largest position.

A number of other large investors have also recently modified their holdings of the company. Parametrica Management Ltd increased its position in Uber Technologies by 66.4% during the 4th quarter. Parametrica Management Ltd now owns 28,233 shares of the ride-sharing company’s stock valued at $1,703,000 after purchasing an additional 11,270 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of Uber Technologies by 29.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,426 shares of the ride-sharing company’s stock worth $569,000 after acquiring an additional 2,143 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Uber Technologies during the 4th quarter valued at approximately $995,000. Aire Advisors LLC purchased a new position in Uber Technologies in the 4th quarter worth $557,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Uber Technologies by 25.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 76,115 shares of the ride-sharing company’s stock valued at $4,591,000 after buying an additional 15,260 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on UBER. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup decreased their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Trading Down 1.2 %

Shares of UBER stock opened at $75.59 on Wednesday. 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 quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $73.06 and a 200-day simple moving average of $71.67. The stock has a market cap of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39.

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

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by corporate insiders.

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.