Trivest Advisors Ltd Sells 1,181,700 Shares of Uber Technologies, Inc. (NYSE:UBER)

Trivest Advisors Ltd cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 93.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,300 shares of the ride-sharing company's stock after selling 1,181,700 shares during the period. Uber Technologies accounts for about 0.2% of Trivest Advisors Ltd's investment portfolio, making the stock its 16th biggest holding. Trivest Advisors Ltd's holdings in Uber Technologies were worth $4,821,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of UBER. Drive Wealth Management LLC raised its position in Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company's stock valued at $289,000 after purchasing an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company's stock valued at $32,000 after buying an additional 174 shares during the last quarter. Cigna Investments Inc. New boosted its position in Uber Technologies by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company's stock worth $1,277,000 after buying an additional 178 shares during the period. Procyon Advisors LLC grew its holdings in Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company's stock worth $324,000 after acquiring an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its position in Uber Technologies by 2.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company's stock valued at $578,000 after acquiring an additional 200 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. BTIG Research increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Wedbush restated an "outperform" rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Wednesday. Gordon Haskett lowered shares of Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 price objective on the stock. in a research note on Wednesday, January 24th. Argus lifted their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, April 29th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.75.

Uber Technologies Stock Performance

UBER stock traded down $0.94 during mid-day trading on Friday, hitting $66.99. The company had a trading volume of 18,924,391 shares, compared to its average volume of 23,478,420. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market cap of $139.98 billion, a PE ratio of 108.05, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14. The stock's fifty day moving average price is $74.29 and its two-hundred day moving average price is $66.33.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS. On average, analysts forecast that Uber Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company's stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company's stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

About Uber Technologies

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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