Asahi Life Asset Management CO. LTD. Purchases 1,640 Shares of Uber Technologies, Inc. (NYSE:UBER)

Asahi Life Asset Management CO. LTD. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 27.0% in the 4th quarter, Holdings Channel reports. The firm owned 7,720 shares of the ride-sharing company’s stock after buying an additional 1,640 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Uber Technologies were worth $466,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bailard Inc. lifted its holdings in shares of Uber Technologies by 95.1% during the 4th quarter. Bailard Inc. now owns 292,442 shares of the ride-sharing company’s stock worth $17,640,000 after acquiring an additional 142,582 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $100,000. Smartleaf Asset Management LLC lifted its holdings in shares of Uber Technologies by 55.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,380 shares of the ride-sharing company’s stock worth $570,000 after acquiring an additional 3,348 shares during the last quarter. Maia Wealth LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $253,000. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Uber Technologies by 1.8% during the 4th quarter. Duncker Streett & Co. Inc. now owns 69,962 shares of the ride-sharing company’s stock worth $4,220,000 after acquiring an additional 1,214 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UBER shares. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.94.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $76.07 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. 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 50-day moving average is $69.53 and its 200 day moving average is $71.54. The stock has a market capitalization of $158.90 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.