Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,722 shares of the ride-sharing company’s stock after purchasing an additional 31,897 shares during the period. Uber Technologies comprises 2.0% of Shikiar Asset Management Inc.’s portfolio, making the stock its 20th largest position. Shikiar Asset Management Inc.’s holdings in Uber Technologies were worth $7,644,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in 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 buying an additional 5,753,637 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. Edgewood Management LLC increased its position in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB acquired a new position in shares of Uber Technologies in the third quarter worth about $163,468,000. Finally, Nordea Investment Management AB lifted its stake in shares of Uber Technologies by 1,370.1% in the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock worth $134,144,000 after acquiring an additional 2,064,382 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s 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 sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $67.30 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock’s fifty day moving average is $66.24 and its 200-day moving average is $70.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several analyst reports. JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a report on Thursday, January 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Loop Capital raised their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company cut their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Company 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.