AGF Management Ltd. Has $716,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

AGF Management Ltd. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 99.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,629 shares of the ride-sharing company's stock after selling 2,251,764 shares during the quarter. AGF Management Ltd.'s holdings in Uber Technologies were worth $716,000 as of its most recent SEC filing.

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

Insider Activity

In other news, insider Tony West sold 18,750 shares of the business's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Tigress Financial increased their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Jefferies Financial Group decreased their price target on Uber Technologies from $103.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. TheStreet raised Uber Technologies from a "c" rating to a "b-" rating in a research note on Wednesday, February 7th. Finally, Piper Sandler lifted their target price on Uber Technologies from $78.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $84.38.

Uber Technologies Stock Down 0.9 %

NYSE:UBER traded down $0.58 during mid-day trading on Thursday, reaching $66.04. The stock had a trading volume of 19,911,131 shares, compared to its average volume of 20,533,865. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $137.99 billion, a P/E ratio of 107.23, a PEG ratio of 1.08 and a beta of 1.39. The business's 50 day moving average is $73.47 and its 200 day moving average is $66.68. Uber Technologies, Inc. has a fifty-two week low of $37.07 and a fifty-two week high of $82.14.

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