Achmea Investment Management B.V. Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Achmea Investment Management B.V. raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 52.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,169 shares of the ride-sharing company's stock after buying an additional 47,417 shares during the period. Achmea Investment Management B.V.'s holdings in Uber Technologies were worth $10,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBER. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new position in Uber Technologies in the fourth quarter valued at about $395,000. Whipplewood Advisors LLC bought a new position in Uber Technologies in the fourth quarter valued at about $54,000. Finally, Kovack Advisors Inc. increased its stake in shares of Uber Technologies by 23.0% in the 4th quarter. Kovack Advisors Inc. now owns 9,803 shares of the ride-sharing company's stock worth $591,000 after purchasing an additional 1,830 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER traded down $1.58 during midday trading on Friday, hitting $91.54. 24,681,770 shares of the company traded hands, compared to its average volume of 21,097,012. The firm has a 50 day moving average of $85.16 and a 200-day moving average of $75.20. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38. The stock has a market cap of $191.43 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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 net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on UBER. Barclays upped their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group upped their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Citigroup upped their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.85.

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.