American Financial Group Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

American Financial Group Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 90,000 shares of the ride-sharing company's stock, valued at approximately $5,429,000. Uber Technologies makes up approximately 2.5% of American Financial Group Inc.'s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Avion Wealth grew its holdings in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the fourth quarter valued at $28,000. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 85.1% during the fourth 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 during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth $35,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth about $33,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UBER shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Citigroup decreased their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.31.

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Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the 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 sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % 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 valued at $5,793,869 in the last ninety days. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.2 %

Shares of UBER stock traded down $0.92 during mid-day trading on Tuesday, hitting $75.59. 16,054,128 shares of the stock traded hands, compared to its average volume of 19,689,108. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a market cap of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock's fifty day moving average is $72.85 and its two-hundred day moving average is $71.63.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Equities 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.