Asset Management One Co. Ltd. Has $47.53 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Asset Management One Co. Ltd. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 777,585 shares of the ride-sharing company’s stock after purchasing an additional 24,157 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Uber Technologies were worth $47,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Aljian Capital Management LLC grew its stake in Uber Technologies by 2.0% in the fourth quarter. Aljian Capital Management LLC now owns 16,479 shares of the ride-sharing company’s stock valued at $994,000 after acquiring an additional 325 shares during the period. Hemington Wealth Management raised its position in shares of Uber Technologies by 14.8% during the fourth quarter. Hemington Wealth Management now owns 1,740 shares of the ride-sharing company’s stock worth $104,000 after purchasing an additional 224 shares during the period. MFG Wealth Management Inc. bought a new position in shares of Uber Technologies during the 4th quarter valued at about $1,997,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Uber Technologies in the 4th quarter valued at approximately $114,000. Finally, Van ECK Associates Corp increased its stake in Uber Technologies by 228.0% during the 4th quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company’s stock worth $899,000 after purchasing an additional 10,364 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on UBER shares. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Piper Sandler lowered their target price on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Truist Financial dropped their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

UBER opened at $80.34 on Friday. 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 12-month low of $54.84 and a 12-month high of $87.00. The business has a 50 day moving average of $65.71 and a 200-day moving average of $70.41. The stock has a market cap of $169.16 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Uber Technologies, Inc. will post 2.4 earnings per share for the current 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.