ING Groep NV Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

ING Groep NV lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 329,337 shares of the ride-sharing company’s stock after purchasing an additional 3,260 shares during the period. ING Groep NV’s holdings in Uber Technologies were worth $19,866,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky lifted its holdings in 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 worth $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management purchased a new stake in Uber Technologies during the third quarter worth $2,302,000. Polianta Ltd purchased a new stake in Uber Technologies during the fourth quarter worth $1,206,000. Finally, Allworth Financial LP lifted its holdings in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UBER. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.91.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.3 %

UBER stock opened at $81.37 on Friday. The company’s 50-day simple moving average is $67.67 and its 200-day simple moving average is $71.11. 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, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market cap of $169.97 billion, a P/E ratio of 17.84, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies 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.