Commerzbank Aktiengesellschaft FI Has $20.85 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Commerzbank Aktiengesellschaft FI lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 345,630 shares of the ride-sharing company’s stock after buying an additional 2,642 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Uber Technologies were worth $20,848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UBER. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies during the third quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its stake 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 worth $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the 4th quarter valued at $1,206,000. Finally, Allworth Financial LP grew its holdings in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $74.37 on Tuesday. The company has a market capitalization of $155.36 billion, a P/E ratio of 16.31, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a fifty day moving average price of $69.78 and a 200-day moving average price of $71.54. 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 (NYSE:UBER) last issued 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 net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Loop Capital increased their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

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.