Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 1,705.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,592 shares of the ride-sharing company’s stock after acquiring an additional 53,457 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Uber Technologies were worth $3,414,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UBER. Assenagon Asset Management S.A. grew its stake in Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Uber Technologies during the fourth quarter worth about $166,072,000. Edgewood Management LLC increased its holdings in shares of Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the period. AMF Tjanstepension AB bought a new stake in Uber Technologies in the 3rd quarter valued at about $163,468,000. Finally, Nordea Investment Management AB boosted its stake in Uber Technologies by 1,370.1% during the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock valued at $134,144,000 after purchasing an additional 2,064,382 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 2.0 %

Uber Technologies stock opened at $66.72 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company’s fifty day simple moving average is $65.83 and its 200-day simple moving average is $70.19. The stock has a market cap of $140.50 billion, a P/E ratio of 33.20, a P/E/G ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UBER shares. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Tigress Financial lifted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. UBS Group increased their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Finally, JMP Securities lowered shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.08.

About Uber Technologies

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.