Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by IFM Investors Pty Ltd


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IFM Investors Pty Ltd lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 92,252 shares of the ride-sharing company’s stock after acquiring an additional 13,694 shares during the period. IFM Investors Pty Ltd’s holdings in Uber Technologies were worth $4,705,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AXA S.A. acquired a new stake in shares of Uber Technologies during the third quarter worth $25,000. CX Institutional bought a new stake in Uber Technologies in the third quarter valued at about $27,000. Truvestments Capital LLC increased its holdings in Uber Technologies by 221.6% in the third quarter. Truvestments Capital LLC now owns 804 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 554 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new position in Uber Technologies in the third quarter valued at approximately $44,000. Finally, Capital Analysts LLC acquired a new position in Uber Technologies in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 67.75% of the company’s stock.

UBER opened at $59.40 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $104.77 billion, a price-to-earnings ratio of -14.70 and a beta of 1.04. Uber Technologies, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $59.88. The company’s 50 day moving average price is $52.50 and its two-hundred day moving average price is $39.75.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, November 5th. The ride-sharing company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.02). The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.19 billion. Uber Technologies had a negative return on equity of 38.83% and a negative net margin of 50.99%. Uber Technologies’s revenue for the quarter was down 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.68) EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post -3.82 EPS for the current year.

A number of equities analysts have commented on UBER shares. Truist Financial lifted their target price on Uber Technologies from $53.00 to $60.00 in a research note on Monday, December 14th. Wedbush boosted their price objective on Uber Technologies from $49.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, November 19th. Barclays boosted their price objective on Uber Technologies from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, November 9th. BTIG Research boosted their target price on Uber Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, January 7th. Finally, Oppenheimer boosted their target price on Uber Technologies from $47.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, January 4th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Uber Technologies currently has an average rating of “Buy” and an average price target of $53.09.

In other news, insider Tony West sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $33.91, for a total value of $67,820.00. Following the completion of the transaction, the insider now directly owns 269,405 shares in the company, valued at $9,135,523.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cayman 2 Ltd. Sb sold 38,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 7th. The shares were sold at an average price of $53.46, for a total transaction of $2,031,480,000.00. The disclosure for this sale can be found here. Insiders have sold 38,329,000 shares of company stock valued at $2,049,152,260 in the last quarter. Company insiders own 8.66% of the company’s stock.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

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

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