Tokio Marine Asset Management Co. Ltd. Acquires 2,294 Shares of Uber Technologies, Inc. (NYSE:UBER)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,426 shares of the ride-sharing company’s stock after acquiring an additional 2,294 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $3,343,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of UBER. CENTRAL TRUST Co raised its holdings in shares of Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC grew its stake in shares of Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares during the period. DT Investment Partners LLC increased its holdings in Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after acquiring an additional 145 shares during the last quarter. Jmac Enterprises LLC raised its stake in Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after acquiring an additional 150 shares during the period. Finally, Canopy Partners LLC lifted its holdings in Uber Technologies by 2.2% during the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $66.86 on Monday. The company has a market cap of $140.79 billion, a PE ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The business has a 50 day moving average of $65.61 and a 200 day moving average of $70.08. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. KeyCorp dropped their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Monday, January 27th. Finally, Loop Capital increased their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.08.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by insiders.

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.