18,856 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by AIA Group Ltd

AIA Group Ltd bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 18,856 shares of the ride-sharing company’s stock, valued at approximately $1,161,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after buying an additional 2,067,098 shares in the last quarter. Altimeter Capital Management LP increased its stake in Uber Technologies by 167.5% in the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after buying an additional 19,260,000 shares in the last quarter. Norges Bank purchased a new stake in Uber Technologies in the 4th quarter worth $580,568,000. Capital World Investors increased its stake in Uber Technologies by 18.5% in the 1st quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock worth $787,480,000 after buying an additional 3,443,554 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Uber Technologies by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock worth $651,575,000 after buying an additional 615,942 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. KeyCorp increased their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Tigress Financial raised their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday. UBS Group raised their price objective on Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Piper Sandler raised their price objective on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, Susquehanna raised their price objective on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.94.

Insider Activity

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 2.9 %

Shares of NYSE UBER opened at $69.22 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $144.07 billion, a P/E ratio of 80.49, a PEG ratio of 1.13 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The firm has a 50-day simple moving average of $76.89 and a two-hundred day simple moving average of $63.50.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share 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.