Forsta AP Fonden Has $50.11 Million Stock Position in Uber Technologies, Inc. $UBER

Forsta AP Fonden cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 537,100 shares of the ride-sharing company’s stock after selling 22,000 shares during the period. Forsta AP Fonden’s holdings in Uber Technologies were worth $50,111,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $28,000. Truvestments Capital LLC grew its holdings in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the second quarter worth $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies in the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. BMO Capital Markets reduced their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Sanford C. Bernstein lifted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Cantor Fitzgerald upped their target price on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Price Performance

Uber Technologies stock opened at $93.59 on Wednesday. The business’s 50 day simple moving average is $95.48 and its 200 day simple moving average is $91.55. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a market cap of $194.47 billion, a price-to-earnings ratio of 12.03 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the business posted $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 604,946 shares of company stock worth $58,950,116 in the last quarter. 3.70% of the stock is currently owned by company 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.