Neo Ivy Capital Management Buys 54,818 Shares of Uber Technologies, Inc. (NYSE:UBER)

Neo Ivy Capital Management grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5,831.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,758 shares of the ride-sharing company's stock after purchasing an additional 54,818 shares during the quarter. Neo Ivy Capital Management's holdings in Uber Technologies were worth $3,363,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies in the 4th quarter worth about $28,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was 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 directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. TD Cowen cut their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. KeyCorp increased their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $93.69.

Uber Technologies Stock Down 0.8%

NYSE UBER opened at $87.92 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $77.85 and a two-hundred day moving average of $72.43. The firm has a market capitalization of $183.86 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60.

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

About Uber Technologies

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.

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