Highland Capital Management LLC Sells 22,694 Shares of Uber Technologies, Inc. (NYSE:UBER)

Highland Capital Management LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,065 shares of the ride-sharing company's stock after selling 22,694 shares during the quarter. Highland Capital Management LLC's holdings in Uber Technologies were worth $10,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CVA Family Office LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth $30,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company's stock worth $27,000 after buying an additional 560 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Uber Technologies during the third quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Uber Technologies during the third quarter worth $28,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.14 during mid-day trading on Thursday, hitting $76.97. 13,416,887 shares of the company were exchanged, compared to its average volume of 20,295,779. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $74.50 and a 200-day simple moving average of $60.36. The firm has a market cap of $159.83 billion, a price-to-earnings ratio of 89.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.76 billion. During the same quarter last year, the business posted $0.29 earnings per share. The business's revenue for the quarter was up 15.4% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, February 15th. Argus boosted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Roth Mkm boosted their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Citigroup boosted their price target on shares of Uber Technologies from $83.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.41.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

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.