Vontobel Holding Ltd. Buys 127,372 Shares of Uber Technologies, Inc. (NYSE:UBER)

Vontobel Holding Ltd. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 99.7% in the fourth quarter, Holdings Channel reports. The firm owned 255,190 shares of the ride-sharing company’s stock after acquiring an additional 127,372 shares during the quarter. Vontobel Holding Ltd.’s holdings in Uber Technologies were worth $15,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBER. Avion Wealth boosted its stake in shares of Uber Technologies by 96.0% during 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 stake in shares of Uber Technologies by 85.1% during 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 bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’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 sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler reduced their target price on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. KeyCorp dropped their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company dropped their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.70.

Uber Technologies Trading Down 1.2 %

Shares of UBER stock opened at $79.31 on Friday. The firm has a market capitalization of $167.00 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month 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 stock’s fifty day simple moving average is $66.01 and its 200 day simple moving average is $70.48.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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, sell-side analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal 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.