AEGON ASSET MANAGEMENT UK Plc Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 381,104 shares of the ride-sharing company’s stock after purchasing an additional 27,656 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Uber Technologies were worth $22,992,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Deerfield Management Company L.P. Series C acquired a new position in Uber Technologies during the 2nd quarter worth approximately $924,000. Daymark Wealth Partners LLC raised its stake in shares of Uber Technologies by 15.3% during the second quarter. Daymark Wealth Partners LLC now owns 6,347 shares of the ride-sharing company’s stock valued at $461,000 after purchasing an additional 844 shares during the period. MBB Public Markets I LLC lifted its position in shares of Uber Technologies by 2,142.1% during the second quarter. MBB Public Markets I LLC now owns 132,352 shares of the ride-sharing company’s stock worth $9,619,000 after purchasing an additional 126,449 shares in the last quarter. Maverick Capital Ltd. boosted its stake in shares of Uber Technologies by 28.0% in the second quarter. Maverick Capital Ltd. now owns 1,404,425 shares of the ride-sharing company’s stock valued at $102,074,000 after purchasing an additional 307,291 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Uber Technologies by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock valued at $94,098,000 after purchasing an additional 39,791 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $68.59 on Friday. The company has a 50-day simple moving average of $65.86 and a 200 day simple moving average of $70.26. The company has a market capitalization of $144.42 billion, a P/E ratio of 34.12, a PEG ratio of 0.77 and a beta of 1.36. 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, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

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

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Loop Capital raised their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. KeyCorp decreased their price target 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. Finally, Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Seven equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

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.