Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,264,070 shares of the ride-sharing company's stock after selling 2,230,552 shares during the period. Clearbridge Investments LLC owned approximately 0.55% of Uber Technologies worth $693,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Highlander Capital Management LLC lifted its holdings in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company's stock worth $40,360,000 after acquiring an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA increased its position in shares of Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company's stock worth $2,065,000 after acquiring an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $1,112,000. Finally, Fifth Third Bancorp lifted its position in shares of Uber Technologies by 54.3% in the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company's stock valued at $4,242,000 after acquiring an additional 24,247 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

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

Analyst Upgrades and Downgrades

UBER has been the topic of several recent analyst reports. TheStreet raised shares of Uber Technologies from a "c" rating to a "b-" rating in a research note on Wednesday, February 7th. Citigroup lifted their target price on Uber Technologies from $91.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Oppenheimer reiterated an "outperform" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Monday, April 29th. Tigress Financial raised their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, April 19th. Finally, Piper Sandler upped their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.

Uber Technologies Trading Down 1.0 %

Shares of Uber Technologies stock traded down $0.66 on Tuesday, reaching $63.99. 16,581,703 shares of the company's stock were exchanged, compared to its average volume of 20,396,684. The firm's 50-day moving average is $72.68 and its two-hundred day moving average is $67.29. The company has a market capitalization of $133.71 billion, a P/E ratio of 103.84, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52 week low of $37.07 and a 52 week high of $82.14.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the prior year, the company earned ($0.08) earnings per share. The firm's revenue was up 14.8% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc. will post 0.88 EPS for the current fiscal year.

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.