Uber Technologies, Inc. (NYSE:UBER) Stake Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 198.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,705,565 shares of the ride-sharing company’s stock after purchasing an additional 1,800,052 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Uber Technologies worth $163,200,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $35,000. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $33,000. Transcendent Capital Group LLC lifted its holdings in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.0 %

Shares of NYSE:UBER opened at $68.08 on Wednesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a 50 day moving average of $65.83 and a 200-day moving average of $70.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $143.35 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 0.77 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research reports. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, Loop Capital increased their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

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.