Polar Capital Holdings Plc Decreases Position in Uber Technologies, Inc. (NYSE:UBER)

Polar Capital Holdings Plc trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 98.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 236,376 shares of the ride-sharing company's stock after selling 19,940,994 shares during the quarter. Polar Capital Holdings Plc's holdings in Uber Technologies were worth $14,258,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Polianta Ltd purchased a new stake in Uber Technologies during the fourth quarter worth $1,206,000. Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $3,188,000. Mirador Capital Partners LP lifted its position in shares of Uber Technologies by 40.4% in the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock valued at $5,140,000 after acquiring an additional 24,520 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its position in shares of Uber Technologies by 11,354.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after acquiring an additional 399,008 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UBER shares. KGI Securities restated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Finally, Citigroup upped their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $92.69.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,788 shares of company stock valued at $9,028,690. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

UBER stock opened at $90.07 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $92.17. The firm has a market cap of $188.35 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The stock has a 50-day simple moving average of $75.91 and a 200-day simple moving average of $71.91.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.

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