Ted Buchan & Co Sells 3,393 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ted Buchan & Co cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 26.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,215 shares of the ride-sharing company’s stock after selling 3,393 shares during the period. Ted Buchan & Co’s holdings in Uber Technologies were worth $556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UBER. Edgestream Partners L.P. acquired a new position in Uber Technologies in the 3rd quarter valued at approximately $760,000. Royal London Asset Management Ltd. increased its position in shares of Uber Technologies by 3.8% during the third quarter. Royal London Asset Management Ltd. now owns 845,785 shares of the ride-sharing company’s stock valued at $63,569,000 after purchasing an additional 31,242 shares during the period. Quarry LP raised its stake in shares of Uber Technologies by 137.2% in the third quarter. Quarry LP now owns 1,499 shares of the ride-sharing company’s stock valued at $113,000 after purchasing an additional 867 shares in the last quarter. SageView Advisory Group LLC lifted its position in Uber Technologies by 5.0% in the third quarter. SageView Advisory Group LLC now owns 12,119 shares of the ride-sharing company’s stock worth $911,000 after purchasing an additional 578 shares during the period. Finally, Stifel Financial Corp boosted its stake in Uber Technologies by 1.4% during the third quarter. Stifel Financial Corp now owns 2,503,141 shares of the ride-sharing company’s stock worth $188,136,000 after buying an additional 34,055 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was 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 owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.41.

Uber Technologies Stock Down 7.7 %

UBER opened at $64.50 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 fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $134.92 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a fifty day moving average of $73.75 and a 200-day moving average of $71.76.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.