Uber Technologies, Inc. (NYSE:UBER) Shares Sold by EPG Wealth Management LLC

EPG Wealth Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,202 shares of the ride-sharing company’s stock after selling 4,386 shares during the period. EPG Wealth Management LLC’s holdings in Uber Technologies were worth $1,581,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Uber Technologies by 7.1% in the third quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock valued at $184,919,000 after purchasing an additional 162,528 shares during the period. Nordea Investment Management AB grew its stake in shares of Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock valued at $134,144,000 after buying an additional 2,064,382 shares during the period. Fortem Financial Group LLC increased its holdings in shares of Uber Technologies by 21.3% during the 4th quarter. Fortem Financial Group LLC now owns 6,105 shares of the ride-sharing company’s stock worth $368,000 after buying an additional 1,071 shares during the last quarter. APEIRON CAPITAL Ltd acquired a new position in Uber Technologies in the fourth quarter valued at approximately $6,714,000. Finally, Bangor Savings Bank purchased a new position in Uber Technologies in the fourth quarter worth approximately $572,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $86.06 on Wednesday. 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, Inc. has a one year low of $54.84 and a one year high of $87.55. The company has a 50-day simple moving average of $74.26 and a 200-day simple moving average of $71.47. The stock has a market capitalization of $180.03 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 0.89 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. KeyCorp decreased their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Citigroup dropped their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $89.81.

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.