Alberta Investment Management Corp Purchases 27,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Alberta Investment Management Corp lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,300 shares of the ride-sharing company's stock after acquiring an additional 27,000 shares during the period. Alberta Investment Management Corp's holdings in Uber Technologies were worth $5,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Avion Wealth increased its position in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. GHP Investment Advisors Inc. increased its position in 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 buying an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $35,000. Finally, Financial Management Professionals Inc. increased its position in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after buying an additional 252 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. KeyCorp decreased their price objective on Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Thursday, October 31st. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.91.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on 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 transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $2.51 during trading on Friday, hitting $78.75. 15,087,521 shares of the company were exchanged, compared to its average volume of 28,633,488. The company has a market cap of $164.51 billion, a PE ratio of 17.24, a P/E/G ratio of 0.89 and a beta of 1.39. The stock has a 50 day moving average of $67.67 and a 200 day moving average of $71.11. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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.