Uber Technologies, Inc. (NYSE:UBER) Stake Increased by PGGM Investments

PGGM Investments raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,118.2% during the fourth quarter, HoldingsChannel reports. The fund owned 47,205 shares of the ride-sharing company’s stock after acquiring an additional 43,330 shares during the quarter. PGGM Investments’ holdings in Uber Technologies were worth $2,847,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its stake in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management bought a new position in Uber Technologies during the 3rd quarter worth approximately $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $1,206,000. Allworth Financial LP increased its holdings in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Brophy Wealth Management LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UBER shares. Arete Research raised shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. DA Davidson decreased their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, KGI Securities reaffirmed a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Price Performance

NYSE:UBER opened at $69.37 on Friday. 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 business’s 50-day moving average price is $71.71 and its 200 day moving average price is $71.57. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market cap of $144.91 billion, a P/E ratio of 15.21, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

Uber Technologies Company 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.