Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 72.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,000 shares of the ride-sharing company's stock after selling 598,388 shares during the period. Alyeska Investment Group L.P.'s holdings in Uber Technologies were worth $13,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UBER. Alua Capital Management LP increased its position in shares of Uber Technologies by 15.8% during the fourth quarter. Alua Capital Management LP now owns 1,428,482 shares of the ride-sharing company's stock valued at $86,166,000 after buying an additional 195,200 shares during the period. Advanced Portfolio Management LLC bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $3,619,000. Alden Global Capital LLC lifted its position in Uber Technologies by 570.4% in the 4th quarter. Alden Global Capital LLC now owns 130,192 shares of the ride-sharing company's stock valued at $7,853,000 after acquiring an additional 110,773 shares in the last quarter. 1248 Management LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $5,460,000. Finally, 3G Capital Partners LP raised its holdings in shares of Uber Technologies by 61.8% during the fourth quarter. 3G Capital Partners LP now owns 275,000 shares of the ride-sharing company's stock valued at $16,588,000 after purchasing an additional 105,000 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Piper Sandler restated an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, KGI Securities reaffirmed a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.63 during midday trading on Tuesday, reaching $86.06. The company's stock had a trading volume of 30,237,875 shares, compared to its average volume of 20,320,023. The firm has a market capitalization of $180.03 billion, a PE ratio of 18.87, a P/E/G ratio of 0.89 and a beta of 1.43. The stock has a fifty day moving average of $74.02 and a 200 day moving average of $71.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.