Swedbank AB Buys 91,274 Shares of Uber Technologies, Inc. (NYSE:UBER)

Swedbank AB grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,161 shares of the ride-sharing company's stock after buying an additional 91,274 shares during the quarter. Swedbank AB owned approximately 0.05% of Uber Technologies worth $66,543,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kieckhefer Group LLC bought a new stake in Uber Technologies during the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 104.1% during 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 in the last quarter. Transcendent Capital Group LLC boosted its holdings 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 valued at $42,000 after buying an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC grew its stake in shares of Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock valued at $45,000 after buying an additional 276 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UBER shares. Wolfe Research increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Piper Sandler cut their target price on shares of Uber Technologies from $98.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Daiwa Capital Markets cut Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.08.

Uber Technologies Trading Down 1.5 %

UBER traded down $1.01 during midday trading on Thursday, hitting $65.74. 20,374,262 shares of the company were exchanged, compared to its average volume of 24,789,158. The firm has a market capitalization of $138.43 billion, a P/E ratio of 32.71, a P/E/G ratio of 0.77 and a beta of 1.36. The firm's 50 day moving average price is $65.77 and its 200-day moving average price is $70.17. 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 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

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.