Lansforsakringar Fondforvaltning AB publ Invests $37.48 Million in Uber Technologies, Inc. (NYSE:UBER)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 621,284 shares of the ride-sharing company's stock, valued at approximately $37,476,000.

Other hedge funds have also modified their holdings of the company. Navalign LLC grew its position in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares during the last quarter. Welch & Forbes LLC grew its position in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after buying an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after buying an additional 150 shares during the last quarter. United Advisor Group LLC grew its position in Uber Technologies by 3.6% in the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after buying an additional 153 shares during the last quarter. Finally, Drive Wealth Management LLC grew its position in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after buying an additional 155 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

UBER stock traded down $0.30 during trading on Friday, hitting $84.00. The stock had a trading volume of 29,036,834 shares, compared to its average volume of 20,590,489. The company's 50 day moving average price is $79.34 and its two-hundred day moving average price is $73.03. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The stock has a market cap of $175.66 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on UBER. KGI Securities reiterated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, KeyCorp boosted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

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.