Tokio Marine Asset Management Co. Ltd. Buys 2,294 Shares of Uber Technologies, Inc. (NYSE:UBER)

Tokio Marine Asset Management Co. Ltd. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,426 shares of the ride-sharing company’s stock after acquiring an additional 2,294 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $3,343,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new position in Uber Technologies in the 3rd quarter worth approximately $163,468,000. Czech National Bank raised its stake in shares of Uber Technologies by 7.5% in the third quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock worth $32,167,000 after purchasing an additional 29,806 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Uber Technologies by 42.8% during the third quarter. Harbor Investment Advisory LLC now owns 16,865 shares of the ride-sharing company’s stock valued at $1,268,000 after purchasing an additional 5,051 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Uber Technologies by 12.1% during the third quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company’s stock valued at $752,000 after buying an additional 1,082 shares during the last quarter. Finally, Herbst Group LLC increased its holdings in Uber Technologies by 46.6% in the 3rd quarter. Herbst Group LLC now owns 22,100 shares of the ride-sharing company’s stock worth $1,661,000 after buying an additional 7,025 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’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 transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. Royal Bank of Canada raised their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group lifted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald increased their target price on Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Trading Up 0.4 %

UBER stock opened at $66.86 on Monday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a market cap of $140.79 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The firm has a fifty day moving average price of $65.61 and a 200 day moving average price of $70.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share 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 the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.85 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.