Uber Technologies, Inc. (NYSE:UBER) Holdings Trimmed by Navalign LLC

Navalign LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,095 shares of the ride-sharing company’s stock after selling 511 shares during the quarter. Navalign LLC’s holdings in Uber Technologies were worth $1,484,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Treasurer of the State of North Carolina grew its position in Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after purchasing an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after acquiring an additional 14,153 shares during the last quarter. NewEdge Wealth LLC boosted its position in Uber Technologies by 6.8% during the third quarter. NewEdge Wealth LLC now owns 329,341 shares of the ride-sharing company’s stock valued at $15,146,000 after purchasing an additional 21,042 shares during the last quarter. Greycroft LP purchased a new position in Uber Technologies in the third quarter valued at about $483,000. Finally, Chilton Investment Co. Inc. acquired a new position in Uber Technologies in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER traded down $1.14 during mid-day trading on Thursday, reaching $76.97. The company had a trading volume of 13,416,887 shares, compared to its average volume of 20,295,779. The company’s 50-day moving average is $74.50 and its 200-day moving average is $60.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $159.83 billion, a P/E ratio of 89.50, a P/E/G ratio of 1.26 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.19 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BTIG Research lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group boosted their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. BMO Capital Markets raised their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Oppenheimer upped their price objective on shares of Uber Technologies from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, Truist Financial raised their target price on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.41.

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.