Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,106 shares of the ride-sharing company’s stock after purchasing an additional 1,006 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Uber Technologies were worth $308,000 as of its most recent filing with the SEC.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UBER. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Piper Sandler reiterated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

Uber Technologies Price Performance

Shares of UBER opened at $76.38 on Friday. The firm has a market capitalization of $159.55 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock’s fifty day moving average is $70.92 and its 200-day moving average is $71.63.

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

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.