Mn Services Vermogensbeheer B.V. Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mn Services Vermogensbeheer B.V. increased its position in Uber Technologies, Inc. (NYSE:UBER) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 731,600 shares of the ride-sharing company’s stock after purchasing an additional 14,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Uber Technologies were worth $44,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Ascent Wealth Partners LLC purchased a new position in Uber Technologies during the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $2,302,000. Polianta Ltd purchased a new position in Uber Technologies in the fourth quarter valued at $1,206,000. Finally, Allworth Financial LP boosted its holdings in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after purchasing an additional 1,663 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. DA Davidson lowered their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.94.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $75.85 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $68.94 and a two-hundred day simple moving average of $71.47. The stock has a market cap of $158.46 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current 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.