Aviva PLC Purchases 161,688 Shares of Uber Technologies, Inc. (NYSE:UBER)

Aviva PLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,144,080 shares of the ride-sharing company’s stock after acquiring an additional 161,688 shares during the quarter. Aviva PLC’s holdings in Uber Technologies were worth $69,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP lifted its position in Uber Technologies by 137.2% during the third quarter. Quarry LP now owns 1,499 shares of the ride-sharing company’s stock valued at $113,000 after purchasing an additional 867 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at about $6,586,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Uber Technologies by 28.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 61,044 shares of the ride-sharing company’s stock valued at $4,588,000 after acquiring an additional 13,517 shares during the last quarter. EP Wealth Advisors LLC grew its position in Uber Technologies by 10.9% in the third quarter. EP Wealth Advisors LLC now owns 87,650 shares of the ride-sharing company’s stock worth $6,588,000 after acquiring an additional 8,580 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its stake in Uber Technologies by 15.8% during the third quarter. iA Global Asset Management Inc. now owns 203,193 shares of the ride-sharing company’s stock worth $15,272,000 after acquiring an additional 27,743 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UBER. KGI Securities reiterated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Citigroup lowered their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.41.

Uber Technologies Stock Down 7.7 %

Uber Technologies stock opened at $64.50 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. The firm has a market cap of $134.92 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The business has a fifty day moving average of $73.75 and a two-hundred day moving average of $71.75. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the stock in a transaction 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 completion of the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,154 shares of company stock worth $5,793,869. Corporate 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.