Andra AP fonden Purchases New Shares in Uber Technologies Inc (NYSE:UBER)

Andra AP fonden purchased a new stake in shares of Uber Technologies Inc (NYSE:UBER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 96,400 shares of the ride-sharing company’s stock, valued at approximately $2,937,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SB Investment Advisers UK Ltd. acquired a new stake in Uber Technologies during the second quarter valued at $10,306,943,000. BlackRock Inc. acquired a new stake in Uber Technologies during the second quarter valued at $1,020,876,000. Dragoneer Investment Group LLC acquired a new stake in Uber Technologies during the second quarter valued at $986,048,000. Morgan Stanley acquired a new stake in Uber Technologies during the second quarter valued at $960,067,000. Finally, ICONIQ Capital LLC acquired a new stake in Uber Technologies during the second quarter valued at $737,300,000. Institutional investors own 45.02% of the company’s stock.

NYSE:UBER opened at $28.98 on Tuesday. The company’s 50-day moving average price is $29.92 and its 200-day moving average price is $36.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.82 and a quick ratio of 2.82. Uber Technologies Inc has a twelve month low of $25.58 and a twelve month high of $47.08.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.83) by $0.15. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.68 billion. Uber Technologies had a negative net margin of 63.57% and a negative return on equity of 209.48%. Uber Technologies’s quarterly revenue was up 29.5% on a year-over-year basis. On average, research analysts expect that Uber Technologies Inc will post -6.84 earnings per share for the current year.

In other Uber Technologies news, insider Manik Gupta sold 1,657 shares of Uber Technologies stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $27.04, for a total transaction of $44,805.28. Following the transaction, the insider now directly owns 453,443 shares of the company’s stock, valued at $12,261,098.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Travis Cordell Kalanick sold 482,871 shares of Uber Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $29.10, for a total transaction of $14,051,546.10. Following the transaction, the director now directly owns 34,424,234 shares in the company, valued at $1,001,745,209.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,419,876 shares of company stock worth $1,251,050,529.

UBER has been the topic of several research analyst reports. Evercore ISI set a $60.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, September 18th. Citigroup dropped their target price on shares of Uber Technologies from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Uber Technologies in a research report on Tuesday, November 26th. Bank of America set a $53.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Guggenheim initiated coverage on shares of Uber Technologies in a research report on Thursday, October 24th. They issued a “buy” rating and a $40.00 target price on the stock. Ten analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Uber Technologies presently has a consensus rating of “Buy” and an average price target of $49.64.

Uber Technologies Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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

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