Uber Technologies, Inc. (NYSE:UBER) Stake Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,615 shares of the ride-sharing company’s stock after acquiring an additional 3,122 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $2,747,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in UBER. CVA Family Office LLC purchased a new stake in Uber Technologies during the fourth quarter valued at about $30,000. Highlander Capital Management LLC lifted its position in Uber Technologies by 100.0% in 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 in the last quarter. Bfsg LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Uber Technologies by 82.9% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after buying an additional 262 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on UBER shares. Truist Financial raised their target price on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Susquehanna boosted their target price on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Bank of America raised their target price on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday, March 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Uber Technologies Trading Up 0.7 %

UBER stock traded up $0.47 during trading on Thursday, hitting $69.83. The company had a trading volume of 8,471,986 shares, compared to its average volume of 19,595,281. The stock has a market cap of $145.34 billion, a price-to-earnings ratio of 81.28, a PEG ratio of 1.12 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $76.73 and a 200-day moving average price of $64.15. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, analysts predict that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

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

Uber Technologies 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.