EULAV Asset Management Has $27.75 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

EULAV Asset Management boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 460,000 shares of the ride-sharing company’s stock after purchasing an additional 35,000 shares during the quarter. EULAV Asset Management’s holdings in Uber Technologies were worth $27,747,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UBER. SOA Wealth Advisors LLC. grew its holdings in shares of Uber Technologies by 25.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 2,003 shares of the ride-sharing company’s stock valued at $121,000 after buying an additional 405 shares during the period. Triasima Portfolio Management inc. acquired a new stake in Uber Technologies during the 4th quarter worth $291,000. Lecap Asset Management Ltd. acquired a new position in Uber Technologies in the fourth quarter valued at about $3,188,000. Golden State Wealth Management LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $85,000. Finally, SMART Wealth LLC raised its position in shares of Uber Technologies by 135.2% during the fourth quarter. SMART Wealth LLC now owns 7,396 shares of the ride-sharing company’s stock worth $446,000 after purchasing an additional 4,252 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UBER shares. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, October 31st. KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday. Finally, Evercore ISI cut their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.19.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 6.8 %

Shares of NYSE UBER opened at $74.76 on Friday. The stock has a market capitalization of $157.43 billion, a P/E ratio of 16.40, a PEG ratio of 0.81 and a beta of 1.39. The stock’s fifty day moving average is $65.28 and its 200 day moving average is $70.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week 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.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal 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.