Generali Investments CEE investicni spolecnost a.s. Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Generali Investments CEE investicni spolecnost a.s. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,200 shares of the ride-sharing company's stock after acquiring an additional 19,200 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Uber Technologies were worth $4,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clark Capital Management Group Inc. raised its holdings in shares of Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after buying an additional 399,008 shares during the period. UMB Bank n.a. raised its stake in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Uber Technologies in the fourth quarter valued at $1,875,000. Finally, APG Asset Management N.V. purchased a new stake in Uber Technologies during the 4th quarter worth $84,687,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $93.46 on Friday. The firm has a market capitalization of $195.43 billion, a PE ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $94.38. The company's 50 day simple moving average is $86.90 and its 200 day simple moving average is $76.31.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm'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 completion of the sale, the chief financial officer directly owned 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 completion of the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Finally, Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $94.85.

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.

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