Rovida Investment Management Ltd Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

Rovida Investment Management Ltd bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 110,000 shares of the ride-sharing company’s stock, valued at approximately $6,636,000. Uber Technologies accounts for 2.1% of Rovida Investment Management Ltd’s holdings, making the stock its 12th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Dudley Capital Management LLC acquired a new position in Uber Technologies during the fourth quarter worth $274,000. Prudential Financial Inc. raised its stake in shares of Uber Technologies by 2.4% during the 4th quarter. Prudential Financial Inc. now owns 3,160,356 shares of the ride-sharing company’s stock worth $190,633,000 after buying an additional 73,232 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in shares of Uber Technologies by 65.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company’s stock worth $1,749,000 after buying an additional 11,466 shares in the last quarter. American Financial Group Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at about $5,429,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Uber Technologies during the 4th quarter valued at about $60,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 in the last three months. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on UBER. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Price Performance

UBER opened at $76.54 on Tuesday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market cap of $159.90 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39. The company has a fifty day simple moving average of $72.85 and a 200 day simple moving average of $71.63.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.