Aire Advisors LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Aire Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, Holdings Channel.com reports. The fund acquired 9,235 shares of the ride-sharing company’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Uber Technologies by 25.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 76,115 shares of the ride-sharing company’s stock worth $4,591,000 after buying an additional 15,260 shares during the last quarter. Baxter Bros Inc. lifted its stake in Uber Technologies by 570.3% in the fourth quarter. Baxter Bros Inc. now owns 31,571 shares of the ride-sharing company’s stock valued at $1,904,000 after purchasing an additional 26,861 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in Uber Technologies by 18.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 956,139 shares of the ride-sharing company’s stock valued at $57,674,000 after purchasing an additional 151,307 shares during the period. TIAA Trust National Association increased its position in Uber Technologies by 697.3% in the fourth quarter. TIAA Trust National Association now owns 257,365 shares of the ride-sharing company’s stock worth $15,524,000 after buying an additional 225,084 shares during the last quarter. Finally, Princeton Capital Management LLC lifted its position in shares of Uber Technologies by 22.8% during the 4th quarter. Princeton Capital Management LLC now owns 13,873 shares of the ride-sharing company’s stock valued at $837,000 after buying an additional 2,577 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $76.54 on Tuesday. The firm has a fifty day simple moving average of $72.85 and a two-hundred day simple moving average of $71.63. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $159.90 billion, a P/E ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company’s stock.

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.