Vinva Investment Management Ltd Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Vinva Investment Management Ltd raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,528 shares of the ride-sharing company’s stock after buying an additional 15,689 shares during the period. Vinva Investment Management Ltd’s holdings in Uber Technologies were worth $6,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Drive Wealth Management LLC lifted its position in shares of Uber Technologies by 3.9% in the 3rd quarter. Drive Wealth Management LLC now owns 5,017 shares of the ride-sharing company’s stock worth $377,000 after purchasing an additional 186 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Uber Technologies in the 3rd quarter worth about $51,000. Pathstone Holdings LLC lifted its position in shares of Uber Technologies by 11.4% in the 3rd quarter. Pathstone Holdings LLC now owns 861,507 shares of the ride-sharing company’s stock worth $64,751,000 after purchasing an additional 88,166 shares during the period. Caprock Group LLC lifted its position in shares of Uber Technologies by 21.7% in the 3rd quarter. Caprock Group LLC now owns 85,840 shares of the ride-sharing company’s stock worth $6,452,000 after purchasing an additional 15,301 shares during the period. Finally, Knuff & Co LLC lifted its position in shares of Uber Technologies by 13.2% in the 3rd quarter. Knuff & Co LLC now owns 3,820 shares of the ride-sharing company’s stock worth $287,000 after purchasing an additional 445 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $71.54 on Wednesday. The company has a 50 day moving average price of $72.09 and a 200-day moving average price of $71.55. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $149.45 billion, a PE ratio of 15.69, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,404 shares of company stock worth $5,587,619. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. KGI Securities reissued a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Tigress Financial lifted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Company 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.