Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 48.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,540 shares of the ride-sharing company's stock after acquiring an additional 28,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Uber Technologies were worth $6,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ted Buchan & Co lifted its position in Uber Technologies by 3.2% during the 1st quarter. Ted Buchan & Co now owns 9,514 shares of the ride-sharing company's stock worth $693,000 after acquiring an additional 299 shares during the period. Boston Partners lifted its position in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after acquiring an additional 2,749,456 shares during the period. E Fund Management Co. Ltd. lifted its holdings in shares of Uber Technologies by 6.0% in the 1st quarter. E Fund Management Co. Ltd. now owns 5,414 shares of the ride-sharing company's stock valued at $394,000 after buying an additional 308 shares during the period. Long Corridor Asset Management Ltd acquired a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $18,215,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Uber Technologies by 4.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 58,055 shares of the ride-sharing company's stock valued at $4,230,000 after buying an additional 2,629 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on UBER shares. Needham & Company LLC raised their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, The Goldman Sachs Group raised their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Stock Performance

Uber Technologies stock opened at $92.64 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average of $90.19 and a two-hundred day moving average of $81.86. The company has a market capitalization of $193.19 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.05 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71.

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

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by corporate insiders.

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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