Allianz SE Purchases Shares of 149,572 Uber Technologies, Inc. (NYSE:UBER)

Allianz SE acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 149,572 shares of the ride-sharing company’s stock, valued at approximately $9,089,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avion Wealth increased its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $28,000. GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the 4th quarter worth about $35,000. Finally, Kieckhefer Group LLC acquired a new position in Uber Technologies during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. DA Davidson cut their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Ten 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 in the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 2.9 %

NYSE UBER opened at $72.71 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company’s 50 day moving average price is $73.44 and its 200 day moving average price is $71.73. The firm has a market capitalization of $151.89 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS 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%. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.