Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Perpetual Ltd

Perpetual Ltd grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 484.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,375 shares of the ride-sharing company’s stock after acquiring an additional 21,865 shares during the period. Perpetual Ltd’s holdings in Uber Technologies were worth $1,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. increased its holdings in shares of Uber Technologies by 104.1% in 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 last quarter. Transcendent Capital Group LLC raised its position in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $67.75 on Wednesday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $142.66 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. The business has a fifty day simple moving average of $66.16 and a 200-day simple moving average of $70.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.91 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Oppenheimer lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Raymond James began coverage on Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Finally, Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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.