Rovida Investment Management Ltd Invests $6.64 Million in Uber Technologies, Inc. (NYSE:UBER)

Rovida Investment Management Ltd acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 110,000 shares of the ride-sharing company’s stock, valued at approximately $6,636,000. Uber Technologies makes up 2.1% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter valued at $28,000. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% during the 4th 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 bought a new stake in shares of Uber Technologies in the 4th quarter worth $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $35,000. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In related 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 transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 86,973 shares of the company’s stock, 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. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBER. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Finally, Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Price Performance

Shares of UBER stock opened at $76.54 on Tuesday. The firm has a market cap of $159.90 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $72.85 and a 200 day moving average price of $71.63.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.