Tredje AP fonden Sells 304,597 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Tredje AP fonden reduced its stake in Uber Technologies by 46.7%, selling 304,597 shares and now holds 348,096 shares worth approximately $25.36 million.
• Insider trading activity included CFO Prashanth Mahendra-Rajah selling 2,750 shares and decreasing his ownership by 11.12%, as well as Jill Hazelbaker selling 34,884 shares.
• Uber Technologies' shares are currently down 3.8%, with analysts providing mixed ratings, leading to a consensus of a "Moderate Buy" with an average price target of $100.71.

Tredje AP fonden cut its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 348,096 shares of the ride-sharing company's stock after selling 304,597 shares during the quarter. Tredje AP fonden's holdings in Uber Technologies were worth $25,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Capital Research Global Investors lifted its position in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors lifted its holdings in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. Northern Trust Corp boosted its position in shares of Uber Technologies by 9.0% in the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after buying an additional 1,528,168 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,496,071 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.6%

Shares of NYSE:UBER traded up $0.49 during trading on Wednesday, hitting $87.60. 16,800,396 shares of the company's stock were exchanged, compared to its average volume of 15,642,950. The firm has a 50-day moving average price of $89.16 and a two-hundred day moving average price of $79.94. The firm has a market cap of $183.19 billion, a P/E ratio of 15.34, a PEG ratio of 1.00 and a beta of 1.40. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the business earned ($0.32) earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a "hold" rating and set a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Bank of America boosted their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Piper Sandler boosted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.71.

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.