Livforsakringsbolaget Skandia Omsesidigt Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.8% in the first quarter, Holdings Channel.com reports. The firm owned 13,066 shares of the ride-sharing company’s stock after selling 1,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Uber Technologies were worth $952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avion Wealth increased its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the fourth quarter worth approximately $28,000. Finally, Perkins Coie Trust Co grew its position in shares of Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock valued at $6,517,070 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

UBER stock opened at $87.19 on Tuesday. The company has a market capitalization of $182.33 billion, a P/E ratio of 19.12, a PEG ratio of 0.89 and a beta of 1.38. The company has a 50-day simple moving average of $80.63 and a 200 day simple moving average of $73.62. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. 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 posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.32) earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UBER. Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. Wedbush downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Piper Sandler reissued an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.91.

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.