Swedbank reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 83.6% in the 4th quarter, HoldingsChannel reports. The fund owned 570,766 shares of the ride-sharing company’s stock after selling 2,902,567 shares during the quarter. Swedbank’s holdings in Uber Technologies were worth $30,336,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. DB Wealth Management Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $26,000. Glassman Wealth Services boosted its position in shares of Uber Technologies by 93.4% in the 4th quarter. Glassman Wealth Services now owns 671 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 324 shares during the period. AXA S.A. acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at about $25,000. Lenox Wealth Advisors LLC boosted its position in shares of Uber Technologies by 37.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 688 shares of the ride-sharing company’s stock valued at $35,000 after purchasing an additional 188 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $37,000. 70.59% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on UBER. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on Uber Technologies from $40.00 to $60.00 in a research report on Thursday, December 3rd. Stifel Nicolaus upped their target price on Uber Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 4th. Morgan Stanley upped their target price on Uber Technologies from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 11th. KeyCorp upped their target price on Uber Technologies from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, February 9th. Finally, Wells Fargo & Company increased their price objective on Uber Technologies from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $60.21.
Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 10th. The ride-sharing company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.01). Uber Technologies had a negative net margin of 53.12% and a negative return on equity of 43.27%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the business earned ($0.64) earnings per share. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, research analysts expect that Uber Technologies, Inc. will post -3.86 earnings per share for the current fiscal year.
In other Uber Technologies news, CEO Dara Khosrowshahi sold 200,000 shares of the stock in a transaction on Tuesday, January 12th. The stock was sold at an average price of $54.44, for a total transaction of $10,888,000.00. Following the sale, the chief executive officer now owns 1,044,627 shares in the company, valued at approximately $56,869,493.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Cayman 2 Ltd. Sb sold 38,000,000 shares of the stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $53.46, for a total value of $2,031,480,000.00. The disclosure for this sale can be found here. Insiders sold a total of 38,387,756 shares of company stock valued at $2,052,603,891 over the last ninety days. 8.66% of the stock is currently owned by company insiders.
About Uber Technologies
Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.
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