Generali Asset Management SPA SGR Acquires 26,220 Shares of Uber Technologies, Inc. $UBER

Generali Asset Management SPA SGR raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 26.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,589 shares of the ride-sharing company’s stock after acquiring an additional 26,220 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Uber Technologies were worth $12,402,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Kilter Group LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at $26,000. Westend Capital Management LLC bought a new position in Uber Technologies during the third quarter valued at about $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies during the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated 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. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,875 shares of company stock worth $1,348,818. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Down 0.6%

Shares of UBER stock opened at $81.66 on Friday. The firm has a market capitalization of $169.68 billion, a P/E ratio of 10.50 and a beta of 1.21. Uber Technologies, Inc. has a 1 year low of $60.17 and a 1 year high of $101.99. The firm’s fifty day simple moving average is $87.89 and its 200 day simple moving average is $91.33. 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 issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Truist Financial lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Arete Research set a $125.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Finally, TD Cowen boosted their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.82.

Uber Technologies Company Profile

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.