Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires Shares of 2,350 Uber Technologies, Inc. (NYSE:UBER)

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,350 shares of the ride-sharing company’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jmac Enterprises LLC raised its holdings in shares of Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after buying an additional 150 shares during the period. Canopy Partners LLC raised its holdings in shares of Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after buying an additional 151 shares during the period. Drive Wealth Management LLC raised its holdings in shares of Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after buying an additional 155 shares during the period. Institute for Wealth Management LLC. raised its holdings in shares of Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after buying an additional 155 shares during the period. Finally, AlphaCore Capital LLC raised its holdings in shares of Uber Technologies by 1.4% in the third quarter. AlphaCore Capital LLC now owns 12,231 shares of the ride-sharing company’s stock worth $919,000 after buying an additional 169 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup reduced their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $74.20 on Friday. The stock has a 50-day moving average of $69.22 and a two-hundred day moving average of $71.48. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $155.00 billion, a P/E ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

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.