Sava Infond d.o.o. Has $2.47 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Sava Infond d.o.o. grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 35.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,860 shares of the ride-sharing company's stock after purchasing an additional 8,770 shares during the period. Sava Infond d.o.o.'s holdings in Uber Technologies were worth $2,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $28,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Uber Technologies Trading Up 1.7%

Shares of Uber Technologies stock opened at $85.24 on Tuesday. The firm has a 50-day moving average of $83.77 and a 200-day moving average of $74.60. The stock has a market cap of $178.25 billion, a PE ratio of 14.93, a PEG ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. 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 earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) earnings per share. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group boosted their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Loop Capital restated a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $94.39.

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.

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