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

Renaissance Technologies LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 95.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,500 shares of the ride-sharing company's stock after selling 495,900 shares during the period. Renaissance Technologies LLC's holdings in Uber Technologies were worth $1,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polianta Ltd purchased a new stake in Uber Technologies in the 4th quarter valued at about $1,206,000. Allworth Financial LP raised its stake in shares of Uber Technologies by 8.9% in the 4th 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 during the period. Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $3,188,000. Mirador Capital Partners LP boosted its position in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after purchasing an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp acquired a new stake in Uber Technologies in the 3rd quarter valued at approximately $8,243,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Uber Technologies stock traded up $0.22 during mid-day trading on Thursday, reaching $81.23. 13,519,870 shares of the company were exchanged, compared to its average volume of 20,227,183. The firm's 50-day simple moving average is $73.55 and its two-hundred day simple moving average is $71.48. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a market cap of $169.92 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on UBER shares. Wells Fargo & Company upped their price target on Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group reiterated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Ten 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

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.