Point72 Italy S.r.l. Sells 51,790 Shares of Uber Technologies, Inc. (NYSE:UBER)

Point72 Italy S.r.l. lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,000 shares of the ride-sharing company's stock after selling 51,790 shares during the quarter. Uber Technologies comprises approximately 2.7% of Point72 Italy S.r.l.'s portfolio, making the stock its 12th largest holding. Point72 Italy S.r.l.'s holdings in Uber Technologies were worth $4,886,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UBER. Capital Research Global Investors increased its holdings in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank bought a new position in Uber Technologies in the fourth quarter valued at $1,467,754,000. Jennison Associates LLC increased its stake in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Boston Partners bought a new position in Uber Technologies in the fourth quarter valued at $381,057,000. Finally, Assenagon Asset Management S.A. increased its stake in Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after acquiring an additional 5,753,637 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on UBER. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday. Barclays upped their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, Raymond James upped their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.69.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.64 during trading hours on Friday, hitting $91.80. 21,819,504 shares of the company traded hands, compared to its average volume of 20,365,542. The firm has a market cap of $191.96 billion, a P/E ratio of 20.13, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm's 50-day simple moving average is $76.33 and its two-hundred day simple moving average is $71.99. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $92.90.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company 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 posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred 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 completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 114,788 shares of company stock worth $9,028,690. 3.84% of the stock is owned by company insiders.

About Uber Technologies

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.