BI Asset Management Fondsmaeglerselskab A S Has $3.60 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 21.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,741 shares of the ride-sharing company’s stock after acquiring an additional 8,276 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Uber Technologies were worth $3,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Highlander Capital Management LLC boosted its holdings in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. PFG Investments LLC grew its position in Uber Technologies by 374.6% during the first quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock worth $4,885,000 after buying an additional 50,080 shares in the last quarter. Compagnie Lombard Odier SCmA grew its position in Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after buying an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at $1,112,000. Finally, Fifth Third Bancorp lifted its position in shares of Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 635,984 shares of company stock worth $42,258,297. Insiders own 3.80% of the company’s stock.

Uber Technologies Trading Down 3.4 %

Shares of NYSE UBER traded down $2.43 during trading on Wednesday, reaching $68.89. The company had a trading volume of 5,323,828 shares, compared to its average volume of 18,903,660. The company’s fifty day moving average price is $68.14 and its 200-day moving average price is $70.23. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The stock has a market cap of $143.95 billion, a P/E ratio of 111.84, a PEG ratio of 1.56 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the firm posted ($0.08) EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Loop Capital decreased their price target on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Moffett Nathanson reissued a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. Tigress Financial upped their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Citigroup increased their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.41.

View Our Latest Stock Report on UBER

About Uber Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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