InterOcean Capital Group LLC Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

InterOcean Capital Group LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,591 shares of the ride-sharing company’s stock after selling 1,014 shares during the quarter. InterOcean Capital Group LLC’s holdings in Uber Technologies were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $1,415,778,000. Brown Advisory Inc. boosted its stake in Uber Technologies by 14.7% during the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after buying an additional 2,307,763 shares during the last quarter. Northern Trust Corp grew its holdings in Uber Technologies by 2.9% during the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock valued at $568,254,000 after buying an additional 351,575 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Uber Technologies by 75.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock worth $631,484,000 after acquiring an additional 4,402,382 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UBER shares. Jefferies Financial Group decreased their price objective on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Loop Capital reduced their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Mizuho upped their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada decreased their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Finally, Roth Mkm restated a “buy” rating and set a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Read Our Latest Stock Report on Uber Technologies

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.60 during trading hours on Thursday, hitting $63.88. 5,163,507 shares of the company were exchanged, compared to its average volume of 20,253,104. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The stock has a market capitalization of $133.48 billion, a price-to-earnings ratio of 105.61, a PEG ratio of 1.35 and a beta of 1.39. The company’s 50 day moving average price is $72.14 and its 200-day moving average price is $67.39.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

About Uber Technologies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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