University of Texas Texas AM Investment Management Co. Has $571,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

University of Texas Texas AM Investment Management Co. cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 80.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,464 shares of the ride-sharing company's stock after selling 39,848 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Uber Technologies were worth $571,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pacific Point Advisors LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $422,000. Neo Ivy Capital Management increased its position in 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 worth $3,363,000 after purchasing an additional 54,818 shares in the last quarter. Hudson Value Partners LLC increased its position in 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 worth $1,277,000 after purchasing an additional 225 shares in the last quarter. GTS Securities LLC grew its holdings in Uber Technologies by 107.2% in the 4th quarter. GTS Securities LLC now owns 7,748 shares of the ride-sharing company's stock valued at $467,000 after buying an additional 115,218 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBER. Bank of America boosted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Loop Capital reiterated 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. Finally, KeyCorp boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Eleven 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 company's stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $93.91.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred 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 sale, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% 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 Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,788 shares of company stock worth $6,517,070. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $3.59 on Thursday, hitting $84.67. The company's stock had a trading volume of 22,485,038 shares, compared to its average volume of 20,437,674. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $79.01 and a two-hundred day moving average of $72.83. The firm has a market capitalization of $177.05 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) earnings per share. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.