Asahi Life Asset Management CO. LTD. Acquires 1,640 Shares of Uber Technologies, Inc. (NYSE:UBER)

Asahi Life Asset Management CO. LTD. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,720 shares of the ride-sharing company’s stock after purchasing an additional 1,640 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Uber Technologies were worth $466,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Jmac Enterprises LLC lifted its holdings in shares of Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares during the period. Canopy Partners LLC lifted its holdings in Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after buying an additional 151 shares during the period. Drive Wealth Management LLC lifted its holdings in Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after buying an additional 155 shares during the period. Institute for Wealth Management LLC. lifted its holdings in Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 155 shares during the period. Finally, AlphaCore Capital LLC lifted its holdings in Uber Technologies by 1.4% in the third quarter. AlphaCore Capital LLC now owns 12,231 shares of the ride-sharing company’s stock valued at $919,000 after buying an additional 169 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on 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 transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $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 accessible through this hyperlink. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. DA Davidson dropped their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.94.

Uber Technologies Trading Up 2.5 %

Shares of UBER stock opened at $76.07 on Friday. The company has a 50 day moving average of $69.53 and a 200-day moving average of $71.54. 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 firm has a market cap of $158.90 billion, a P/E ratio of 16.68, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly 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%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 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.