AIA Group Ltd Purchases Shares of 18,856 Uber Technologies, Inc. (NYSE:UBER)

AIA Group Ltd bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,856 shares of the ride-sharing company’s stock, valued at approximately $1,161,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the period. JFS Wealth Advisors LLC raised its stake in Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 495 shares during the period. CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $30,000. Finally, Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $69.22 on Friday. The stock has a fifty day simple moving average of $76.89 and a two-hundred day simple moving average of $63.50. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The firm has a market cap of $144.07 billion, a price-to-earnings ratio of 80.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period in the prior year, the company earned $0.29 earnings per share. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. Bank of America upped their price target on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Nomura downgraded Uber Technologies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $59.00 to $62.00 in a research note on Friday, December 29th. Citigroup upped their price target on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their price target on Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Argus increased their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

About Uber Technologies

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.