Hoey Investments Inc. Sells 3,700 Shares of Uber Technologies, Inc. (NYSE:UBER)

Hoey Investments Inc. cut its position in Uber Technologies, Inc. (NYSE:UBER) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,263 shares of the ride-sharing company’s stock after selling 3,700 shares during the period. Uber Technologies makes up about 0.7% of Hoey Investments Inc.’s holdings, making the stock its 15th largest holding. Hoey Investments Inc.’s holdings in Uber Technologies were worth $3,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in shares of Uber Technologies by 32.3% during the 4th quarter. Alliancebernstein L.P. now owns 4,180,863 shares of the ride-sharing company’s stock valued at $252,190,000 after buying an additional 1,021,036 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Uber Technologies by 113.7% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 88,690 shares of the ride-sharing company’s stock valued at $5,350,000 after acquiring an additional 47,196 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Uber Technologies by 217.5% during the fourth quarter. Meeder Asset Management Inc. now owns 1,035 shares of the ride-sharing company’s stock worth $62,000 after acquiring an additional 709 shares in the last quarter. Axiom Investors LLC DE boosted its holdings in shares of Uber Technologies by 11.9% in the fourth quarter. Axiom Investors LLC DE now owns 1,791,010 shares of the ride-sharing company’s stock worth $108,034,000 after acquiring an additional 189,883 shares during the period. Finally, AIA Group Ltd grew its position in shares of Uber Technologies by 84.9% in the fourth quarter. AIA Group Ltd now owns 68,953 shares of the ride-sharing company’s stock valued at $4,159,000 after purchasing an additional 31,660 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Trading Down 2.9 %

Shares of UBER opened at $72.71 on Monday. The stock has a market capitalization of $152.09 billion, a P/E ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $73.44 and a two-hundred day simple moving average of $71.76.

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

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company 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.