Adage Capital Partners GP L.L.C. Cuts Stake in Uber Technologies, Inc. (NYSE:UBER)

Adage Capital Partners GP L.L.C. decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,713,800 shares of the ride-sharing company's stock after selling 35,100 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Uber Technologies worth $103,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Invst LLC raised its holdings in shares of Uber Technologies by 5.0% in the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock valued at $309,000 after purchasing an additional 197 shares during the last quarter. Advisory Resource Group increased its stake in Uber Technologies by 1.6% in the 3rd quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock valued at $1,052,000 after buying an additional 222 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $1,328,000. SkyView Investment Advisors LLC boosted its stake in shares of Uber Technologies by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after buying an additional 875 shares during the last quarter. Finally, Anchor Investment Management LLC grew its holdings in shares of Uber Technologies by 8.9% in the third quarter. Anchor Investment Management LLC now owns 33,718 shares of the ride-sharing company's stock valued at $2,534,000 after acquiring an additional 2,755 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 0.5 %

Shares of NYSE:UBER traded down $0.36 during midday trading on Friday, hitting $77.74. 20,038,405 shares of the stock traded hands, compared to its average volume of 20,336,884. The business's 50 day moving average is $73.60 and its two-hundred day moving average is $71.46. The stock has a market capitalization of $162.62 billion, a PE ratio of 17.05, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

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

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. KGI Securities reissued a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. DA Davidson reduced their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, April 9th. KeyCorp dropped their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was 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 owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on 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 sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies 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.