Royal London Asset Management Ltd. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Royal London Asset Management Ltd. increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 874,823 shares of the ride-sharing company's stock after purchasing an additional 29,038 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Uber Technologies were worth $52,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Avion Wealth grew its stake in Uber Technologies by 96.0% during 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 last quarter. GHP Investment Advisors Inc. boosted its stake in shares of 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 acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the fourth quarter worth about $35,000. Finally, Fairfield Financial Advisors LTD boosted its stake in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after buying an additional 170 shares during the period. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, Tigress Financial upped their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a report on Monday, November 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

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Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Shares of UBER traded down $0.92 during trading hours on Tuesday, hitting $75.59. The stock had a trading volume of 16,054,128 shares, compared to its average volume of 19,651,368. 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 company's fifty day moving average is $72.85 and its two-hundred day moving average is $71.63. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market capitalization of $157.91 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, analysts anticipate 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.