Handelsbanken Fonder AB Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Handelsbanken Fonder AB lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 46.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,391,579 shares of the ride-sharing company’s stock after buying an additional 444,226 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.07% of Uber Technologies worth $83,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UBER. Avion Wealth raised its position in Uber Technologies by 96.0% in the 4th 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. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $35,000. Finally, Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $81.17 on Thursday. The company has a market cap of $169.57 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.89 and a beta of 1.39. The firm’s 50 day moving average is $67.27 and its two-hundred day moving average is $71.04. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week 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.

Uber Technologies (NYSE:UBER) last issued its earnings results 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 return on equity of 62.60% and a net margin of 22.41%. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UBER shares. Tigress Financial raised their target price on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, October 31st. UBS Group dropped their price target on Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, KeyCorp dropped their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.91.

Uber Technologies Company 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.