Shikiar Asset Management Inc. Has $7.64 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Shikiar Asset Management Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,722 shares of the ride-sharing company's stock after acquiring an additional 31,897 shares during the quarter. Uber Technologies accounts for 2.0% of Shikiar Asset Management Inc.'s portfolio, making the stock its 20th largest position. Shikiar Asset Management Inc.'s holdings in Uber Technologies were worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock valued at $864,390,000 after buying an additional 3,179,308 shares during the last quarter. Edgewood Management LLC raised its holdings in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB acquired a new position in Uber Technologies during the 3rd quarter worth about $163,468,000. Finally, Nordea Investment Management AB grew its holdings in Uber Technologies by 1,370.1% during the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company's stock worth $134,144,000 after acquiring an additional 2,064,382 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UBER shares. Oppenheimer upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. Wells Fargo & Company reduced their price objective on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Daiwa America cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Finally, Tigress Financial boosted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned 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 $91.53.

Uber Technologies Stock Down 1.9 %

Shares of UBER stock traded down $1.28 on Friday, hitting $67.30. 27,057,083 shares of the stock were exchanged, compared to its average volume of 22,576,684. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The business has a 50-day moving average of $66.24 and a 200 day moving average of $70.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. Uber Technologies's revenue was up 20.4% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by corporate insiders.

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.