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 SEC. The institutional investor purchased 144,500 shares of the ride-sharing company’s stock, valued at approximately $8,833,000.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth lifted its stake in shares of 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 buying an additional 218 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 85.1% in the 4th 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 position in Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies during the 4th quarter valued at about $35,000. Finally, Fairfield Financial Advisors LTD increased its holdings in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UBER shares. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Citigroup cut their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Trading Down 2.6 %

NYSE:UBER opened at $69.37 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock’s fifty day moving average price is $71.71 and its two-hundred day moving average price is $71.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $144.91 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 return on equity of 62.60% and a net margin of 22.41%. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.