Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,695 shares of the ride-sharing company’s stock after selling 24,524 shares during the period. Private Advisor Group LLC’s holdings in Uber Technologies were worth $14,941,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UBER. Jennison Associates LLC grew its stake in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the period. Montrusco Bolton Investments Inc. purchased a new stake in Uber Technologies during the 4th quarter worth about $166,072,000. Edgewood Management LLC raised its position in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in shares of Uber Technologies in the 3rd quarter valued at about $163,468,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 approximately $7,046,552.46. The trade was a 26.28 % 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. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 0.4 %

Shares of Uber Technologies stock opened at $81.17 on Thursday. 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 market cap of $170.93 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.87 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company’s 50-day simple moving average is $67.27 and its 200-day simple moving average is $71.04.

Uber Technologies (NYSE:UBER) last issued 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 return on equity of 62.60% and a net margin of 22.41%. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday. KeyCorp reduced their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company cut their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.91.

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.