Polianta Ltd Invests $1.21 Million in Uber Technologies, Inc. (NYSE:UBER)

Polianta Ltd purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,000 shares of the ride-sharing company’s stock, valued at approximately $1,206,000.

Several other large investors have also recently bought and sold shares of the stock. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky raised its stake in Uber Technologies by 4.4% in the 3rd 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 stake in Uber Technologies in the 3rd quarter valued at about $2,302,000. Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares during the period. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Oppenheimer boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Truist Financial dropped their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Down 1.9 %

Shares of Uber Technologies stock opened at $67.30 on Friday. The stock’s 50-day moving average is $66.24 and its 200 day moving average is $70.36. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% 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.