OFI Invest Asset Management Buys Shares of 156,236 Uber Technologies, Inc. (NYSE:UBER)

OFI Invest Asset Management bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 156,236 shares of the ride-sharing company’s stock, valued at approximately $9,101,000.

Several other institutional investors have also modified their holdings of the stock. Fiera Capital Corp raised its position in shares of Uber Technologies by 9.1% during the 3rd quarter. Fiera Capital Corp now owns 97,912 shares of the ride-sharing company’s stock valued at $7,359,000 after buying an additional 8,200 shares during the period. Leavell Investment Management Inc. raised its position in Uber Technologies by 42.2% in the third quarter. Leavell Investment Management Inc. now owns 20,748 shares of the ride-sharing company’s stock valued at $1,559,000 after purchasing an additional 6,155 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Uber Technologies by 1.0% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 353,448 shares of the ride-sharing company’s stock valued at $26,572,000 after purchasing an additional 3,570 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Uber Technologies during the 3rd quarter worth $586,000. Finally, Galvin Gaustad & Stein LLC increased its position in shares of Uber Technologies by 1,292.5% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 221,108 shares of the ride-sharing company’s stock worth $16,618,000 after purchasing an additional 205,229 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $76.38 on Friday. The company has a market capitalization of $159.55 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $70.92 and a 200 day moving average price of $71.63.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Tigress Financial increased their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.71.

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.