Avaii Wealth Management LLC Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Avaii Wealth Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 45.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,663 shares of the ride-sharing company’s stock after acquiring an additional 2,088 shares during the quarter. Avaii Wealth Management LLC’s holdings in Uber Technologies were worth $402,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the period. Edgewood Management LLC grew its position in 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 buying an additional 2,627,768 shares in the last quarter. AMF Tjanstepension AB bought a new position in Uber Technologies in the 3rd quarter worth about $163,468,000. Nordea Investment Management AB raised its holdings in shares of Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock valued at $134,144,000 after acquiring an additional 2,064,382 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UBER shares. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. DA Davidson raised their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following 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 Price Performance

Shares of UBER opened at $68.59 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market capitalization of $144.42 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The firm has a 50 day moving average of $65.86 and a 200 day moving average of $70.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

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.