Uber Technologies, Inc. (NYSE:UBER) Shares Bought by DnB Asset Management AS

DnB Asset Management AS raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 555,684 shares of the ride-sharing company’s stock after acquiring an additional 89,131 shares during the quarter. DnB Asset Management AS’s holdings in Uber Technologies were worth $33,519,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UBER. Level Four Advisory Services LLC grew its stake in Uber Technologies by 7.6% during the 4th quarter. Level Four Advisory Services LLC now owns 177,983 shares of the ride-sharing company’s stock valued at $10,736,000 after acquiring an additional 12,625 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Uber Technologies by 14.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 45,198 shares of the ride-sharing company’s stock valued at $2,726,000 after purchasing an additional 5,563 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Uber Technologies by 11.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,877,723 shares of the ride-sharing company’s stock worth $113,264,000 after acquiring an additional 189,158 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Uber Technologies by 1,066.0% during the 4th quarter. New Age Alpha Advisors LLC now owns 111,932 shares of the ride-sharing company’s stock worth $6,752,000 after acquiring an additional 102,332 shares during the period. Finally, Weik Capital Management acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $645,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 2.9 %

NYSE UBER opened at $72.71 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $151.89 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm’s fifty day moving average price is $73.44 and its 200 day moving average price is $71.73.

Uber Technologies (NYSE:UBER) last posted its 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 return on equity of 62.60% and a net margin of 22.41%. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on UBER shares. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. KGI Securities reissued a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

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.