AR Asset Management Inc. Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

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AR Asset Management Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 11,000 shares of the ride-sharing company's stock, valued at approximately $801,000.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors raised its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Pacer Advisors Inc. raised its position in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its position in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Toyota Motor Corp purchased a new position in Uber Technologies in the fourth quarter worth $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies in the fourth quarter worth $298,644,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Morgan Stanley reiterated an "overweight" rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Roth Capital raised their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Eleven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $1.24 during midday trading on Friday, reaching $92.64. 15,836,668 shares of the company were exchanged, compared to its average volume of 18,903,182. The stock's 50-day moving average price is $90.19 and its 200-day moving average price is $82.08. The stock has a market cap of $193.19 billion, a P/E ratio of 15.78, a PEG ratio of 1.06 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $59.33 and a one year 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 - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.70% of the company's stock.

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.