Gotham Asset Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,665 shares of the ride-sharing company's stock after selling 77,603 shares during the period. Gotham Asset Management LLC's holdings in Uber Technologies were worth $9,028,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Welch & Forbes LLC boosted its stake in shares of Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after acquiring an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in shares of Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after acquiring an additional 150 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after acquiring an additional 155 shares during the last quarter. Institute for Wealth Management LLC. boosted its stake in shares of Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after acquiring an additional 155 shares during the last quarter. Finally, Fairfield Financial Advisors LTD boosted its stake in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.
Uber Technologies Price Performance
UBER opened at $88.10 on Tuesday. The stock's 50-day moving average price is $74.95 and its 200 day moving average price is $71.55. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $88.31. 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 firm has a market cap of $184.23 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.89 and a beta of 1.43.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating 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%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Insider Buying and Selling at Uber Technologies
In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated 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 trade represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock valued at $6,027,619 in the last quarter. Corporate insiders own 3.84% of the company's stock.
Analysts Set New Price Targets
UBER has been the topic of a number of research analyst reports. Arete Research raised Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 7th. Citigroup boosted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, KeyCorp upped their price target on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.69.
Check Out Our Latest Stock Analysis on Uber Technologies
About Uber Technologies
(
Free Report)
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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