AM Investment Strategies LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

AM Investment Strategies LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,780 shares of the ride-sharing company’s stock after buying an additional 200 shares during the period. AM Investment Strategies LLC’s holdings in Uber Technologies were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ascent Wealth Partners LLC purchased a new position in Uber Technologies in the 3rd quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky lifted its holdings in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies in the 3rd quarter worth approximately $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the 4th quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in Uber Technologies in the 3rd quarter worth approximately $1,041,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Tigress Financial lifted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Finally, Royal Bank of Canada boosted their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $68.59 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day moving average price is $65.86 and its 200-day moving average price is $70.26. The firm has a market capitalization of $144.42 billion, a PE ratio of 34.12, a P/E/G ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.86 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.