Principal Financial Group Inc. Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Principal Financial Group Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,471,084 shares of the ride-sharing company’s stock after buying an additional 10,752 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Uber Technologies worth $149,056,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. CENTRAL TRUST Co grew its holdings in Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after buying an additional 127 shares in the last quarter. DT Investment Partners LLC grew its holdings in shares of Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after purchasing an additional 145 shares during the period. Jmac Enterprises LLC grew its holdings in shares of Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares during the period. Canopy Partners LLC grew its holdings in shares of Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after purchasing an additional 151 shares during the period. Finally, Drive Wealth Management LLC grew its holdings in shares of Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after purchasing an additional 155 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on UBER. Piper Sandler lowered their price target on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Evercore ISI decreased their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Loop Capital increased their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $79.31 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a market capitalization of $167.00 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock’s 50-day simple moving average is $66.27 and its 200-day simple moving average is $70.68.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 research analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Uber Technologies Company 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.