Advisors Asset Management Inc. Has $9.25 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Advisors Asset Management Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 18.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 153,283 shares of the ride-sharing company’s stock after purchasing an additional 24,354 shares during the quarter. Advisors Asset Management Inc.’s holdings in Uber Technologies were worth $9,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UBER. Retirement Planning Co of New England Inc. acquired a new stake in Uber Technologies during the 4th quarter valued at $218,000. Primecap Management Co. CA increased its stake in shares of Uber Technologies by 3.5% in the fourth quarter. Primecap Management Co. CA now owns 1,376,200 shares of the ride-sharing company’s stock valued at $83,012,000 after buying an additional 46,500 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $86,000. Kimelman & Baird LLC lifted its position in Uber Technologies by 0.9% during the 4th quarter. Kimelman & Baird LLC now owns 334,034 shares of the ride-sharing company’s stock worth $20,149,000 after buying an additional 3,081 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in Uber Technologies by 93.2% during the 4th quarter. Cibc World Markets Corp now owns 526,124 shares of the ride-sharing company’s stock worth $31,736,000 after acquiring an additional 253,824 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Wells Fargo & Company lowered their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Finally, Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Price Performance

UBER stock opened at $71.54 on Wednesday. The stock has a 50-day moving average price of $72.09 and a two-hundred day moving average price of $71.55. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market cap of $149.45 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock valued at $5,587,619 over the last 90 days. 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.