KLP Kapitalforvaltning AS Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

KLP Kapitalforvaltning AS bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 743,300 shares of the ride-sharing company's stock, valued at approximately $44,836,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth raised its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies during the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $35,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. DA Davidson dropped their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

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Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.9 %

NYSE UBER traded down $1.43 on Wednesday, reaching $74.18. 11,827,485 shares of the stock traded hands, compared to its average volume of 19,667,034. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market cap of $154.95 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 0.89 and a beta of 1.39. The company has a fifty day moving average price of $73.06 and a 200-day moving average price of $71.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.