Sava Infond d.o.o. Makes New $1.51 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Sava Infond d.o.o. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, Holdings Channel reports. The fund purchased 25,090 shares of the ride-sharing company’s stock, valued at approximately $1,513,000.

Several other institutional investors have also modified their holdings of UBER. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the last quarter. Polianta Ltd bought a new stake in Uber Technologies during the fourth quarter worth approximately $1,206,000. Allworth Financial LP lifted its position in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares during the period. Brophy Wealth Management LLC bought a new position in Uber Technologies during the 3rd quarter valued at $1,041,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $3,188,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Arete Research raised shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. KGI Securities reiterated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Citigroup reduced their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Performance

UBER stock opened at $74.18 on Thursday. The firm has a 50 day moving average of $73.21 and a two-hundred day moving average of $71.69. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $154.95 billion, a price-to-earnings ratio of 16.27, 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 posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by insiders.

About Uber Technologies

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.