AJOVista LLC Purchases Shares of 1,608 Uber Technologies, Inc. (NYSE:UBER)

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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UBER shares. KeyCorp increased their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group lifted their price objective on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Thursday, February 15th. Tigress Financial lifted their price target on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Moffett Nathanson reissued a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.65.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded up $0.66 during trading hours 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 business has a fifty day moving average of $75.33 and a two-hundred day moving average of $65.27. The company has a market capitalization of $144.09 billion, a P/E ratio of 80.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 1 year low of $36.69 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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. Insiders own 3.84% of the company’s stock.

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.