Baader Bank Aktiengesellschaft Has $3.41 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Baader Bank Aktiengesellschaft increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,705.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,592 shares of the ride-sharing company's stock after purchasing an additional 53,457 shares during the period. Baader Bank Aktiengesellschaft's holdings in Uber Technologies were worth $3,414,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $35,000. Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% during the third 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 during the period. Transcendent Capital Group LLC raised its stake in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 550 shares during the period. Finally, Fortitude Family Office LLC raised its stake in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after purchasing an additional 276 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Monday. Daiwa America lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Piper Sandler decreased their price target on shares of Uber Technologies from $98.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, JMP Securities lowered shares of Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 target price for the company. in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $91.08.

Uber Technologies Stock Down 0.2 %

Shares of NYSE UBER traded down $0.11 during midday trading on Thursday, reaching $66.65. The company's stock had a trading volume of 24,754,388 shares, compared to its average volume of 25,031,766. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $140.34 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 0.77 and a beta of 1.36. The stock has a 50 day simple moving average of $65.77 and a 200-day simple moving average of $70.17.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.10 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company's stock, valued at $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 is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

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.