Principal Financial Group Inc. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Principal Financial Group Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,460,332 shares of the ride-sharing company's stock after acquiring an additional 162,528 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Uber Technologies worth $184,919,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UBER. Geode Capital Management LLC increased its position in Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after purchasing an additional 893,652 shares during the period. Edgewood Management LLC boosted its stake in shares of Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. Legal & General Group Plc increased its position in shares of Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after buying an additional 237,976 shares during the period. Janus Henderson Group PLC raised its stake in Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after buying an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock valued at $939,365,000 after buying an additional 1,601,747 shares during the period. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several recent analyst reports. UBS Group raised their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. DA Davidson raised their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, KeyCorp dropped their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $90.51.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.52 during midday trading on Friday, hitting $60.73. The company's stock had a trading volume of 26,026,873 shares, compared to its average volume of 19,336,832. The firm has a market capitalization of $127.88 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 0.75 and a beta of 1.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $72.26 and a 200 day moving average price of $71.22. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction on 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 approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company's stock.

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.