Bailard Inc. Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bailard Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,365 shares of the ride-sharing company’s stock after selling 6,675 shares during the quarter. Bailard Inc.’s holdings in Uber Technologies were worth $10,366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. increased its holdings in Uber Technologies by 7.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,615 shares of the ride-sharing company’s stock valued at $2,747,000 after buying an additional 3,122 shares in the last quarter. Bfsg LLC purchased a new position in Uber Technologies in the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd raised its holdings in Uber Technologies by 24.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 17,444 shares of the ride-sharing company’s stock worth $1,074,000 after purchasing an additional 3,397 shares during the last quarter. Schnieders Capital Management LLC purchased a new stake in Uber Technologies during the fourth quarter worth $277,000. Finally, Kennicott Capital Management LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $263,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UBER. Nomura lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $59.00 to $62.00 in a research report on Friday, December 29th. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Piper Sandler upped their target price on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. KeyCorp raised their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the 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 transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 20,000 shares of the business’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 value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Uber Technologies Stock Down 2.1 %

Shares of NYSE UBER traded down $1.47 during midday trading on Wednesday, reaching $69.33. 27,500,902 shares of the company’s stock were exchanged, compared to its average volume of 19,744,426. The stock has a market capitalization of $144.30 billion, a PE ratio of 80.62, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The business’s fifty day moving average price is $76.73 and its two-hundred day moving average price is $64.15.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period in the prior year, the company posted $0.29 EPS. Uber Technologies’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

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.