Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Reduced by Bridger Management LLC

Bridger Management LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,471 shares of the ride-sharing company's stock after selling 11,986 shares during the quarter. Uber Technologies makes up about 9.4% of Bridger Management LLC's investment portfolio, making the stock its 2nd biggest holding. Bridger Management LLC's holdings in Uber Technologies were worth $17,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Polianta Ltd bought a new position in shares of Uber Technologies in the fourth quarter valued at about $1,206,000. Allworth Financial LP raised its holdings in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after acquiring an additional 1,663 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Uber Technologies during the fourth quarter worth approximately $3,188,000. Mirador Capital Partners LP boosted its holdings in shares of Uber Technologies by 40.4% during the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after acquiring an additional 24,520 shares during the period. Finally, Baader Bank Aktiengesellschaft grew its position in shares of Uber Technologies by 1,705.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company's stock valued at $3,414,000 after purchasing an additional 53,457 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock worth $6,027,619 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on UBER shares. KeyCorp reduced their price target on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Ten equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Stock Down 2.1 %

Shares of NYSE UBER traded down $1.76 during mid-day trading on Wednesday, hitting $84.07. 49,236,248 shares of the stock traded hands, compared to its average volume of 20,419,113. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $175.86 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.89 and a beta of 1.43. The stock has a fifty day moving average price of $74.42 and a 200-day moving average price of $71.56. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.55.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current 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.