NEOS Investment Management LLC Buys 29,866 Shares of Uber Technologies, Inc. (NYSE:UBER)

NEOS Investment Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 31.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,484 shares of the ride-sharing company’s stock after acquiring an additional 29,866 shares during the quarter. NEOS Investment Management LLC’s holdings in Uber Technologies were worth $7,509,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky boosted its holdings in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Polianta Ltd bought a new stake in Uber Technologies during the fourth quarter valued at $1,206,000. Allworth Financial LP grew its position in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC bought a new position in Uber Technologies in the 3rd quarter worth about $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies in the 4th quarter valued at about $3,188,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.0 %

NYSE:UBER opened at $74.90 on Friday. The stock has a market cap of $156.46 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company’s 50 day moving average price is $73.33 and its 200-day moving average price is $71.71.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last quarter. Company insiders own 3.84% of the company’s stock.

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.