AIA Group Ltd Has $5.80 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

AIA Group Ltd lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,616 shares of the ride-sharing company’s stock after acquiring an additional 10,663 shares during the quarter. AIA Group Ltd’s holdings in Uber Technologies were worth $5,801,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UBER. Brighton Jones LLC grew its stake in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Uber Technologies during the fourth quarter valued at about $395,000. Townsquare Capital LLC lifted its holdings in shares of Uber Technologies by 17.5% in the fourth quarter. Townsquare Capital LLC now owns 33,001 shares of the ride-sharing company’s stock worth $1,991,000 after buying an additional 4,908 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $433,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Wedbush cut their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday. BMO Capital Markets lifted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine 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 an average rating of “Moderate Buy” and an average target price of $102.82.

Uber Technologies Trading Down 3.3%

Uber Technologies stock opened at $89.64 on Monday. The business has a 50-day simple moving average of $89.44 and a two-hundred day simple moving average of $81.25. The company has a market cap of $187.45 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.84% of the company’s stock.

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.