CIBC Capital Markets Europe S.A. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

CIBC Capital Markets Europe S.A. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 88,300 shares of the ride-sharing company's stock, valued at approximately $5,326,000. Uber Technologies makes up about 7.3% of CIBC Capital Markets Europe S.A.'s portfolio, making the stock its 9th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $35,000. Financial Management Professionals Inc. lifted its stake in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after purchasing an additional 252 shares during the period. Transcendent Capital Group LLC increased its stake in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in Uber Technologies during the fourth quarter valued at $42,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on UBER shares. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Daiwa America cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Piper Sandler cut their price objective on shares of Uber Technologies from $98.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.08.

Uber Technologies Price Performance

Shares of NYSE:UBER traded up $0.27 during trading on Friday, reaching $66.86. 19,772,917 shares of the company's stock traded hands, compared to its average volume of 22,567,078. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. 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 50-day simple moving average of $65.61 and a 200-day simple moving average of $70.08. The firm has a market cap of $140.79 billion, a PE ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during 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 company's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, analysts predict that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies 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 transaction, the insider now owns 107,289 shares of the company's stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.84% of the stock is currently owned by company insiders.

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.