Ilmarinen Mutual Pension Insurance Co Has $20.81 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Ilmarinen Mutual Pension Insurance Co increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 97.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 345,000 shares of the ride-sharing company’s stock after purchasing an additional 170,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Uber Technologies were worth $20,810,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Uber Technologies during the fourth quarter worth $1,467,754,000. Jennison Associates LLC grew its position in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Boston Partners acquired a new stake in Uber Technologies in the 4th quarter worth $381,057,000. Assenagon Asset Management S.A. increased its holdings in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after purchasing an additional 5,753,637 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $166,072,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UBER shares. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on Uber Technologies from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price objective 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.41.

Uber Technologies Stock Performance

UBER stock opened at $64.50 on Friday. The company has a 50 day moving average price of $73.75 and a 200 day moving average price of $71.76. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $134.92 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company’s stock.

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.