Elo Mutual Pension Insurance Co Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Elo Mutual Pension Insurance Co lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,555 shares of the ride-sharing company's stock after selling 6,172 shares during the period. Elo Mutual Pension Insurance Co's holdings in Uber Technologies were worth $10,409,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Avion Wealth raised its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies in the 4th quarter worth $28,000. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $33,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the fourth quarter worth $35,000. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. KGI Securities restated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. DA Davidson dropped their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.31.

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Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.9 %

Shares of NYSE UBER traded down $2.15 during trading on Friday, reaching $72.71. The company had a trading volume of 11,255,568 shares, compared to its average volume of 20,097,389. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month 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 business's 50-day moving average is $73.44 and its 200 day moving average is $71.75. The stock has a market cap of $152.09 billion, a PE ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39.

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 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%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.