Two Sigma Advisers LP Has $156.21 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Two Sigma Advisers LP cut its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,589,600 shares of the ride-sharing company's stock after selling 1,082,800 shares during the quarter. Two Sigma Advisers LP owned 0.12% of Uber Technologies worth $156,205,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. Jennison Associates LLC grew its stake in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Boston Partners bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $381,057,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $298,644,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $91.80 on Monday. The firm has a fifty day moving average of $76.33 and a two-hundred day moving average of $71.94. The stock has a market capitalization of $191.96 billion, a price-to-earnings ratio of 20.13, 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 $92.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on 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 sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 23,404 shares of the company'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 owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,788 shares of company stock worth $9,028,690. Insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UBER. The Goldman Sachs Group upped their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. KeyCorp upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Barclays upped their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Eleven 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.69.

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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