Y Intercept Hong Kong Ltd Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Y Intercept Hong Kong Ltd has significantly decreased its holdings in Uber Technologies, selling 52,803 shares and holding only 7,365 shares after the sale.
• Uber Technologies' stock price fell by 0.8% to $90.56, with significant trading volume of over 11 million shares on the day.
• Wall Street analysts have shown optimism with a consensus rating of "Moderate Buy" and a target price averaging around $100.26 for Uber's stock.

Y Intercept Hong Kong Ltd reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 87.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,365 shares of the ride-sharing company's stock after selling 52,803 shares during the period. Y Intercept Hong Kong Ltd's holdings in Uber Technologies were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Capital Research Global Investors lifted its stake in 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 worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC boosted its stake in Uber Technologies by 2.5% in the 4th 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 buying an additional 1,061,088 shares in the last quarter. Capital World Investors raised its position in Uber Technologies by 10.1% in the 4th 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 during the last quarter. Northern Trust Corp raised its position in shares of Uber Technologies by 9.0% during 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 acquiring an additional 1,528,168 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Uber Technologies by 13.4% during the fourth quarter. Schroder Investment Management Group now owns 7,272,915 shares of the ride-sharing company's stock worth $438,702,000 after purchasing an additional 860,257 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UBER shares. 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. DA Davidson lifted their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. TD Cowen decreased their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Barclays increased their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.71.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated 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 in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Up 0.7%

Shares of UBER stock traded up $0.58 on Thursday, reaching $88.22. The company had a trading volume of 5,044,921 shares, compared to its average volume of 22,195,084. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $184.48 billion, a PE ratio of 15.47, a PEG ratio of 1.00 and a beta of 1.40. The company has a 50-day moving average of $89.14 and a 200-day moving average of $79.99. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. The company's revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast 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.