American Financial Group Inc. Buys Shares of 90,000 Uber Technologies, Inc. (NYSE:UBER)

American Financial Group Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 90,000 shares of the ride-sharing company’s stock, valued at approximately $5,429,000. Uber Technologies makes up about 2.5% of American Financial Group Inc.’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nwam LLC grew its position in shares of Uber Technologies by 5.6% in the 3rd quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company’s stock valued at $794,000 after purchasing an additional 562 shares during the period. Nicolet Advisory Services LLC boosted its holdings in shares of Uber Technologies by 3.6% in the third quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company’s stock valued at $413,000 after buying an additional 199 shares during the period. Great Valley Advisor Group Inc. increased its position in shares of Uber Technologies by 11.5% during the third quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company’s stock worth $3,353,000 after acquiring an additional 4,584 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Uber Technologies by 36.0% during the third quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company’s stock worth $32,334,000 after acquiring an additional 113,989 shares during the period. Finally, Kingsview Wealth Management LLC lifted its position in Uber Technologies by 18.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock valued at $1,231,000 after acquiring an additional 2,546 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Up 2.1 %

UBER opened at $75.94 on Monday. The stock has a fifty day moving average of $72.64 and a 200-day moving average of $71.59. The company has a market capitalization of $158.65 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock valued at $5,587,619 in the last three months. Corporate insiders own 3.84% of the company’s stock.

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.