Robeco Institutional Asset Management B.V. Cuts Stake in Uber Technologies, Inc. (NYSE:UBER)

Robeco Institutional Asset Management B.V. cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 608,649 shares of the ride-sharing company's stock after selling 426,682 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Uber Technologies were worth $37,475,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Drive Wealth Management LLC grew its stake 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 acquiring an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company's stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its stake in shares of Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company's stock valued at $1,277,000 after acquiring an additional 178 shares in the last quarter. Procyon Advisors LLC grew its stake 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 acquiring an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew 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 acquiring an additional 200 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Uber Technologies from $84.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. DA Davidson reiterated a "buy" rating and issued a $81.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Piper Sandler lifted their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. Citigroup lifted their price target on Uber Technologies from $91.00 to $93.00 and gave the stock a "buy" rating in a research note on Thursday, May 9th. Finally, BTIG Research lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $84.38.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.38 during mid-day trading on Friday, hitting $65.67. The company's stock had a trading volume of 15,703,320 shares, compared to its average volume of 24,259,194. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $137.22 billion, a P/E ratio of 105.94, a P/E/G ratio of 1.39 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14. The stock's fifty day moving average price is $72.94 and its two-hundred day moving average price is $66.84.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results 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 return on equity of 12.81% and a net margin of 3.60%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) EPS. Research analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company's stock, valued at approximately $109,245,746.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Tony West sold 18,750 shares of the stock in a transaction dated 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 owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company's stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Company 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.