Uber Technologies, Inc. (NYSE:UBER) Position Increased by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,104 shares of the ride-sharing company’s stock after acquiring an additional 27,656 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Uber Technologies were worth $22,992,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UBER. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Transcendent Capital Group LLC grew its holdings in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC increased its stake in shares of Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $68.59 on Friday. The firm has a market cap of $144.42 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The firm’s 50-day simple moving average is $65.86 and its 200-day simple moving average is $70.26. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UBER shares. Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Tigress Financial boosted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Bank of America increased their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. DA Davidson lifted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Loop Capital increased their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

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.