Principal Securities Inc. Has $2.45 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Principal Securities Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 39.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,604 shares of the ride-sharing company’s stock after buying an additional 11,400 shares during the quarter. Principal Securities Inc.’s holdings in Uber Technologies were worth $2,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in Uber Technologies during the 3rd quarter worth approximately $163,468,000. Creative Planning raised its holdings in shares of Uber Technologies by 34.0% in the 3rd quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock worth $14,668,000 after acquiring an additional 49,491 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Uber Technologies by 14.2% in the third quarter. Stratos Wealth Partners LTD. now owns 72,481 shares of the ride-sharing company’s stock valued at $5,448,000 after purchasing an additional 8,985 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in Uber Technologies by 3.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 5,327 shares of the ride-sharing company’s stock valued at $400,000 after acquiring an additional 202 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Uber Technologies by 16.6% during the third quarter. First Citizens Bank & Trust Co. now owns 10,077 shares of the ride-sharing company’s stock valued at $757,000 after purchasing an additional 1,438 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction 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 sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

NYSE UBER opened at $79.31 on Tuesday. 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 fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $167.00 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The business’s fifty day moving average is $66.27 and its 200 day moving average is $70.68.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. KeyCorp decreased their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies 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.