DnB Asset Management AS Has $33.52 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

DnB Asset Management AS boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,684 shares of the ride-sharing company's stock after acquiring an additional 89,131 shares during the period. DnB Asset Management AS's holdings in Uber Technologies were worth $33,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock valued at $24,180,000 after buying an additional 13,433 shares in the last quarter. Polianta Ltd purchased a new position in Uber Technologies during the 4th quarter worth $1,206,000. Allworth Financial LP raised its position in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Uber Technologies during the third quarter worth $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in Uber Technologies during the 4th quarter valued at about $3,188,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Wolfe Research lifted their target price 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. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Ten research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

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Uber Technologies Stock Performance

UBER stock traded up $0.16 during midday trading on Monday, reaching $72.91. The company had a trading volume of 9,727,659 shares, compared to its average volume of 23,903,039. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $152.51 billion, a PE ratio of 15.99, a P/E/G ratio of 0.89 and a beta of 1.39. The stock has a 50 day moving average price of $73.44 and a 200 day moving average price of $71.76.

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

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business'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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. 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.