Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 14,500 Shares of Uber Technologies, Inc. (NYSE:UBER)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,740 shares of the ride-sharing company’s stock after selling 14,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Uber Technologies were worth $3,604,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UBER. MONECO Advisors LLC raised its position in Uber Technologies by 10.6% in the 4th quarter. MONECO Advisors LLC now owns 5,357 shares of the ride-sharing company’s stock valued at $323,000 after purchasing an additional 513 shares during the last quarter. Howard Capital Management Inc. increased its stake in shares of Uber Technologies by 6.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company’s stock valued at $761,000 after buying an additional 757 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Uber Technologies by 3.6% in the fourth quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company’s stock valued at $1,570,000 after buying an additional 905 shares during the last quarter. Matauro LLC acquired a new position in Uber Technologies during the 4th quarter worth about $1,228,000. Finally, Greystone Financial Group LLC grew its holdings in Uber Technologies by 127.7% during the 4th quarter. Greystone Financial Group LLC now owns 23,982 shares of the ride-sharing company’s stock worth $1,447,000 after acquiring an additional 13,452 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

UBER opened at $74.97 on Wednesday. The company has a market capitalization of $156.61 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.89 and a beta of 1.39. The business’s 50-day moving average price is $68.37 and its two-hundred day moving average price is $71.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.94.

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.