Lansforsakringar Fondforvaltning AB publ Has $43.92 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its holdings in Uber Technologies by 3% this quarter, now owning 602,805 shares valued at approximately $43.92 million.
• Several analysts have raised their price targets for Uber, with Citigroup increasing theirs from $92.00 to $102.00 and Roth Capital raising theirs from $93.00 to $110.00, indicating strong market confidence.
• Uber reported earnings of $0.63 per share for the last quarter, beating estimates, with revenue rising 18.2% year-over-year to $12.65 billion.

Lansforsakringar Fondforvaltning AB publ cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 602,805 shares of the ride-sharing company's stock after selling 18,479 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Uber Technologies were worth $43,920,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBER. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after buying an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Toyota Motor Corp acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $309,192,000. Boston Partners lifted its holdings in shares of Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new position in shares of Uber Technologies during the first quarter worth approximately $167,532,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Roth Capital raised their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. UBS Group raised their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein raised their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock valued at $4,335,899 in the last three months. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 1.1%

UBER stock opened at $95.44 on Thursday. The business has a fifty day moving average price of $91.76 and a 200 day moving average price of $83.35. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The stock has a market capitalization of $199.02 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the firm posted $0.47 EPS. The business's revenue was up 18.2% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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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