PARUS FINANCE UK Ltd Invests $1.07 Million in Uber Technologies, Inc. (NYSE:UBER)

PARUS FINANCE UK Ltd acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,700 shares of the ride-sharing company’s stock, valued at approximately $1,068,000. Uber Technologies comprises about 0.3% of PARUS FINANCE UK Ltd’s holdings, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Townsquare Capital LLC boosted its position in shares of Uber Technologies by 40.8% during the third quarter. Townsquare Capital LLC now owns 28,093 shares of the ride-sharing company’s stock worth $2,111,000 after buying an additional 8,135 shares during the period. Glenmede Trust Co. NA lifted its holdings in Uber Technologies by 29.5% in the third quarter. Glenmede Trust Co. NA now owns 24,941 shares of the ride-sharing company’s stock worth $1,875,000 after purchasing an additional 5,684 shares during the period. CreativeOne Wealth LLC increased its position in shares of Uber Technologies by 16.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 29,428 shares of the ride-sharing company’s stock valued at $2,212,000 after purchasing an additional 4,112 shares during the period. Fiduciary Trust Co boosted its stake in Uber Technologies by 7.2% during the third quarter. Fiduciary Trust Co now owns 4,730 shares of the ride-sharing company’s stock valued at $356,000 after buying an additional 319 shares in the last quarter. Finally, Financial Counselors Inc. acquired a new position in Uber Technologies during the third quarter worth about $581,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Finally, Piper Sandler restated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 2.9 %

Shares of NYSE UBER opened at $72.71 on Friday. The company has a market cap of $151.89 billion, a PE ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm’s 50 day moving average price is $73.44 and its 200-day moving average price is $71.73. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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.