Caisse Des Depots ET Consignations Invests $4.66 Million in Uber Technologies, Inc. (NYSE:UBER)

Caisse Des Depots ET Consignations acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 77,327 shares of the ride-sharing company’s stock, valued at approximately $4,664,000.

A number of other large investors also recently bought and sold shares of the company. Avion Wealth lifted its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the 4th quarter worth about $28,000. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $33,000. Finally, Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $74.18 on Thursday. The company has a market cap of $154.95 billion, a PE ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.39. 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 business has a 50-day simple moving average of $73.21 and a two-hundred day simple moving average of $71.69.

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, beating 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 expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UBER shares. DA Davidson lowered their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on 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 completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 over the last 90 days. 3.84% of the stock is owned by insiders.

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.