University of Texas Texas AM Investment Management Co. Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

University of Texas Texas AM Investment Management Co. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,464 shares of the ride-sharing company's stock after selling 39,848 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in Uber Technologies were worth $571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacific Point Advisors LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $422,000. Neo Ivy Capital Management grew its holdings in shares of Uber Technologies by 5,831.7% during the 4th quarter. Neo Ivy Capital Management now owns 55,758 shares of the ride-sharing company's stock valued at $3,363,000 after purchasing an additional 54,818 shares during the last quarter. Hudson Value Partners LLC grew its holdings in shares of Uber Technologies by 1.1% during the 4th quarter. Hudson Value Partners LLC now owns 21,175 shares of the ride-sharing company's stock valued at $1,277,000 after purchasing an additional 225 shares during the last quarter. GTS Securities LLC grew its holdings in shares of Uber Technologies by 107.2% during the 4th quarter. GTS Securities LLC now owns 7,748 shares of the ride-sharing company's stock valued at $467,000 after purchasing an additional 115,218 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Loop Capital reaffirmed a "buy" rating and set a $105.00 target price (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. KeyCorp increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Bank of America raised their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Stock Down 0.7%

Shares of UBER traded down $0.61 on Wednesday, hitting $88.39. 13,712,392 shares of the stock traded hands, compared to its average volume of 20,402,909. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The company has a market capitalization of $184.84 billion, a PE ratio of 19.38, a P/E/G ratio of 0.89 and a beta of 1.43. The business has a 50 day simple moving average of $78.76 and a 200 day simple moving average of $72.73. 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 announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 in the last three months. Insiders own 3.84% of the company's stock.

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.