Triglav Skladi D.O.O. Takes $3.32 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Triglav Skladi D.O.O. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,950 shares of the ride-sharing company’s stock, valued at approximately $3,315,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Welch & Forbes LLC lifted its holdings in shares of Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after buying an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in shares of Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after purchasing an additional 150 shares in the last quarter. Drive Wealth Management LLC increased its stake in shares of Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after purchasing an additional 155 shares in the last quarter. Institute for Wealth Management LLC. increased its stake in shares of Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 155 shares in the last quarter. Finally, Fairfield Financial Advisors LTD increased its stake in shares of Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.8%

UBER opened at $91.80 on Monday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $92.90. The stock has a market capitalization of $191.96 billion, a PE ratio of 20.13, a P/E/G ratio of 0.89 and a beta of 1.43. The business’s 50 day moving average price is $76.33 and its 200 day moving average price is $71.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,788 shares of company stock worth $9,028,690 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on UBER. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.69.

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.