Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,391,579 shares of the ride-sharing company's stock after acquiring an additional 444,226 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.07% of Uber Technologies worth $83,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co raised its holdings in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock worth $87,000 after purchasing an additional 127 shares in the last quarter. DT Investment Partners LLC grew its position in shares of Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after buying an additional 145 shares during the last quarter. Jmac Enterprises LLC raised its stake in Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC lifted its position in Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company's stock valued at $523,000 after acquiring an additional 151 shares during the last quarter. Finally, Drive Wealth Management LLC boosted its stake in Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER traded down $2.14 during midday trading on Friday, reaching $79.12. 16,703,804 shares of the company's stock were exchanged, compared to its average volume of 28,679,107. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a market capitalization of $165.27 billion, a PE ratio of 17.36, 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 current ratio of 1.07 and a quick ratio of 1.41. The business's 50-day moving average price is $67.67 and its 200 day moving average price is $71.11.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on UBER. Wells Fargo & Company reduced their target price on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Evercore ISI reduced their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Tigress Financial upped their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Piper Sandler reissued an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.91.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.84% of the company's stock.

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.