Uber Technologies, Inc. $UBER Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 97.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,422,035 shares of the ride-sharing company’s stock after buying an additional 2,671,539 shares during the quarter. Uber Technologies makes up 0.8% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 19th largest position. Robeco Institutional Asset Management B.V.’s holdings in Uber Technologies were worth $531,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UBER. Norges Bank purchased a new stake in Uber Technologies in the 2nd quarter worth approximately $2,348,319,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of Uber Technologies by 334,075.7% in the 2nd 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 purchasing an additional 19,967,705 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Uber Technologies by 1,905.3% in the 3rd quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after purchasing an additional 4,133,532 shares during the period. Vanguard Group Inc. boosted its holdings in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Uber Technologies by 105.9% during the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after buying an additional 2,807,967 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $80.72 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $87.35 and its 200-day simple moving average is $91.40. The company has a market cap of $167.72 billion, a PE ratio of 10.37 and a beta of 1.20. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

Analyst Upgrades and Downgrades

UBER has been the topic of several recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a research note on Thursday, December 18th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. BMO Capital Markets dropped their price objective on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Cantor Fitzgerald boosted their price objective on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Barclays decreased their target price on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $107.33.

Check Out Our Latest Research Report on UBER

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the sale, the insider owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold 14,875 shares of company stock valued at $1,348,818 over the last quarter. Company insiders own 3.70% of the company’s stock.

Uber Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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