AEGON ASSET MANAGEMENT UK Plc Has $30.16 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 413,649 shares of the ride-sharing company's stock after acquiring an additional 32,545 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Uber Technologies were worth $30,155,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Navalign LLC raised its position in shares of Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after purchasing an additional 126 shares during the last quarter. Welch & Forbes LLC grew its holdings in Uber Technologies by 3.9% during the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after buying an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in Uber Technologies by 3.5% during the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after buying an additional 150 shares in the last quarter. United Advisor Group LLC boosted its stake in shares of Uber Technologies by 3.6% during the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after acquiring an additional 153 shares during the last quarter. Finally, Fairfield Financial Advisors LTD increased its position in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's 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 sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 23,404 shares of the firm'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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock valued at $6,517,070 over the last quarter. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UBER shares. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 16th. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America lifted their price objective on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $1.17 during midday trading on Thursday, reaching $84.62. 33,263,668 shares of the company traded hands, compared to its average volume of 23,573,773. The stock has a 50-day moving average price of $79.90 and a 200 day moving average price of $73.24. The company has a market cap of $176.96 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the business posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 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.