AM Investment Strategies LLC Acquires New Shares in Uber Technologies, Inc. (NYSE:UBER)

AM Investment Strategies LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the ride-sharing company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Motley Fool Asset Management LLC increased its holdings in shares of Uber Technologies by 8.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 56,525 shares of the ride-sharing company’s stock worth $3,480,000 after acquiring an additional 4,381 shares in the last quarter. Evolution Advisers Inc. bought a new stake in shares of Uber Technologies in the fourth quarter worth about $41,000. Sandhill Capital Partners LLC increased its holdings in shares of Uber Technologies by 27.9% in the fourth quarter. Sandhill Capital Partners LLC now owns 616,355 shares of the ride-sharing company’s stock worth $37,949,000 after acquiring an additional 134,464 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Uber Technologies by 0.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,045,647 shares of the ride-sharing company’s stock worth $64,380,000 after acquiring an additional 6,385 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Uber Technologies by 7.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,615 shares of the ride-sharing company’s stock worth $2,747,000 after acquiring an additional 3,122 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UBER. Mizuho increased their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Tigress Financial upped their price objective on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, March 28th. Finally, TheStreet raised Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Activity at Uber Technologies

In related 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 transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related 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 transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s 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 in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER traded down $0.05 during mid-day trading on Thursday, reaching $69.31. The company’s stock had a trading volume of 19,368,011 shares, compared to its average volume of 19,754,951. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The business has a 50-day simple moving average of $76.49 and a two-hundred day simple moving average of $64.19. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market cap of $144.26 billion, a P/E ratio of 80.59, a PEG ratio of 1.12 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) 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 company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

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.