AssuredPartners Investment Advisors LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

AssuredPartners Investment Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,931 shares of the ride-sharing company’s stock, valued at approximately $297,000.

Several other institutional investors have also modified their holdings of the company. NEOS Investment Management LLC boosted its holdings in Uber Technologies by 31.6% in the fourth quarter. NEOS Investment Management LLC now owns 124,484 shares of the ride-sharing company’s stock valued at $7,509,000 after purchasing an additional 29,866 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Uber Technologies by 7.4% during the 4th quarter. UniSuper Management Pty Ltd now owns 528,971 shares of the ride-sharing company’s stock worth $31,908,000 after buying an additional 36,381 shares during the last quarter. Sava Infond d.o.o. purchased a new position in shares of Uber Technologies in the 4th quarter valued at $1,513,000. WINTON GROUP Ltd raised its stake in Uber Technologies by 58.9% during the 4th quarter. WINTON GROUP Ltd now owns 42,143 shares of the ride-sharing company’s stock worth $2,542,000 after acquiring an additional 15,614 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Uber Technologies by 8.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,251,296 shares of the ride-sharing company’s stock valued at $210,001,000 after acquiring an additional 249,169 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last three months. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on UBER shares. Citigroup reduced their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Performance

Shares of UBER opened at $72.71 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market cap of $151.89 billion, a P/E ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $73.44 and a two-hundred day moving average of $71.73.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS 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.