AJOVista LLC Takes $99,000 Position in Uber Technologies, Inc. (NYSE:UBER)

AJOVista LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,608 shares of the ride-sharing company’s stock, valued at approximately $99,000.

Other large investors have also added to or reduced their stakes in the company. Drive Wealth Management LLC raised its position in shares of Uber Technologies by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after acquiring an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after buying an additional 178 shares during the period. Procyon Advisors LLC raised its stake in Uber Technologies by 3.6% during the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its holdings in Uber Technologies by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after buying an additional 200 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UBER shares. Piper Sandler lifted their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Truist Financial raised their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. Argus lifted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $81.65.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.66 during mid-day trading on Friday, reaching $69.23. 15,557,671 shares of the company’s stock were exchanged, compared to its average volume of 18,839,496. The firm has a market capitalization of $144.09 billion, a price-to-earnings ratio of 80.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The firm has a 50-day moving average price of $75.33 and a two-hundred day moving average price of $65.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 52 week low of $36.69 and a 52 week 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, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

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.