Allianz SE Takes $9.09 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Allianz SE acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 149,572 shares of the ride-sharing company's stock, valued at approximately $9,089,000.

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

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was 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 of the company's stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last ninety days. Company insiders own 3.84% of the company's stock.

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Uber Technologies Stock Up 0.2 %

UBER stock traded up $0.17 during mid-day trading on Monday, hitting $72.92. The stock had a trading volume of 15,369,433 shares, compared to its average volume of 23,926,963. The stock has a market capitalization of $152.53 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.89 and a beta of 1.39. The company has a fifty day moving average of $73.44 and a 200 day moving average of $71.76. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UBER shares. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.31.

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.