83,500 Shares in Uber Technologies, Inc. $UBER Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent filing with the SEC. The fund acquired 83,500 shares of the ride-sharing company’s stock, valued at approximately $8,180,000.

Other institutional investors have also recently made changes to their positions in the company. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the first quarter valued at $2,207,743,000. Norges Bank purchased a new position in Uber Technologies during the 2nd quarter valued at about $2,348,319,000. Kingstone Capital Partners Texas LLC increased its position in shares of Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 1,905.3% in the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock worth $426,216,000 after buying an additional 4,133,532 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Uber Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the transaction, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on UBER shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 22nd. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. TD Cowen increased their price objective on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Guggenheim dropped their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, DA Davidson upped their target price on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.43.

Uber Technologies Stock Up 0.1%

UBER opened at $81.23 on Friday. The business’s fifty day simple moving average is $88.82 and its 200 day simple moving average is $91.47. Uber Technologies, Inc. has a 52 week low of $60.02 and a 52 week high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $168.78 billion, a PE ratio of 10.44 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.