ING Groep NV Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

ING Groep NV boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,337 shares of the ride-sharing company's stock after buying an additional 3,260 shares during the period. ING Groep NV's holdings in Uber Technologies were worth $19,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Avion Wealth grew its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter valued at $35,000. Finally, Financial Management Professionals Inc. boosted its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after purchasing an additional 252 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 2.9 %

Shares of NYSE UBER traded down $2.38 during midday trading on Friday, hitting $78.89. 21,758,503 shares of the company traded hands, compared to its average volume of 28,847,662. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. 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 stock has a 50-day moving average price of $67.67 and a 200 day moving average price of $71.11. The firm has a market cap of $164.79 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39.

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

Analyst Ratings Changes

Several research analysts have commented on UBER shares. Loop Capital raised their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $90.91.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

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.