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

Uber Technologies logo with Computer and Technology background

Key Points

  • AIA Group Ltd increased its stake in Uber Technologies by 15.5%, now owning 79,616 shares valued at approximately $5.8 million as of the last quarter.
  • Analysts have raised their price targets for Uber Technologies, with estimates increasing to as high as $115.00, reflecting strong buy ratings from several investment firms.
  • Uber Technologies reported a net margin of 26.68% in its latest earnings, exceeding consensus earnings estimates, with a revenue increase of 18.2% compared to the previous year.
  • Looking to export and analyze Uber Technologies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

AIA Group Ltd boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Capital World Investors boosted its stake in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. Northern Trust Corp boosted its stake in Uber Technologies by 9.0% during the 4th quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after acquiring an additional 1,528,168 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after acquiring an additional 394,157 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. DA Davidson raised their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Bank of America lifted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Susquehanna boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Get Our Latest Analysis on Uber Technologies

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 3.3%

Shares of NYSE UBER opened at $89.64 on Monday. The company has a 50 day simple moving average of $89.44 and a 200 day simple moving average of $81.25. The firm has a market cap of $187.45 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the business earned $0.47 EPS. The company's revenue was up 18.2% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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