Raiffeisen Bank International AG Invests $38.51 Million in Uber Technologies, Inc. (NYSE:UBER)

Raiffeisen Bank International AG bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 633,650 shares of the ride-sharing company's stock, valued at approximately $38,506,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Europe London LLP purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $2,955,000. PointState Capital LP bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $29,788,000. Polar Asset Management Partners Inc. bought a new stake in Uber Technologies during the fourth quarter worth $33,254,000. ProShare Advisors LLC boosted its position in Uber Technologies by 16.6% in the fourth quarter. ProShare Advisors LLC now owns 346,654 shares of the ride-sharing company's stock worth $20,910,000 after purchasing an additional 49,243 shares during the last quarter. Finally, Paradoxiom Capital L.P. bought a new position in Uber Technologies in the 4th quarter valued at $9,624,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UBER shares. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Evercore ISI lowered their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. KGI Securities reiterated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.69.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,788 shares of company stock valued at $9,028,690. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

NYSE:UBER opened at $90.14 on Thursday. The business's 50-day moving average is $75.57 and its 200 day moving average is $71.82. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $92.17. The company has a market capitalization of $188.50 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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 the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

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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