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

Polianta Ltd bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 UBER. Geode Capital Management LLC boosted its position in shares of Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after purchasing an additional 893,652 shares in the last quarter. Edgewood Management LLC boosted its holdings in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after buying an additional 2,627,768 shares in the last quarter. Legal & General Group Plc grew its position in Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after buying an additional 237,976 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after buying an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after acquiring an additional 1,601,747 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $1.28 during midday trading on Friday, hitting $67.30. The company had a trading volume of 27,057,083 shares, compared to its average volume of 22,576,684. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business's 50 day simple moving average is $66.24 and its two-hundred day simple moving average is $70.36. The stock has a market cap of $141.71 billion, a PE ratio of 33.48, a P/E/G 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business's quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction dated 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 $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UBER shares. Loop Capital boosted their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Oppenheimer upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. Evercore ISI lifted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.53.

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.