Robeco Institutional Asset Management B.V. Acquires 1,800,052 Shares of Uber Technologies, Inc. (NYSE:UBER)

Robeco Institutional Asset Management B.V. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 198.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,705,565 shares of the ride-sharing company’s stock after purchasing an additional 1,800,052 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Uber Technologies were worth $163,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC bought a new stake in Uber Technologies during the third quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Uber Technologies by 4.4% in the third 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 purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the third quarter valued at $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the fourth quarter valued at $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the third quarter valued at $1,041,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $68.08 on Wednesday. The company has a market cap of $143.35 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $65.83 and a 200-day moving average of $70.19.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on UBER shares. Wolfe Research upped their price objective 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. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, KeyCorp decreased their price target 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. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies 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.