Uber Technologies, Inc. (NYSE:UBER) Holdings Decreased by ATOMVEST Ltd

ATOMVEST Ltd reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 67.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,178 shares of the ride-sharing company’s stock after selling 128,800 shares during the period. Uber Technologies accounts for about 5.3% of ATOMVEST Ltd’s investment portfolio, making the stock its 5th largest holding. ATOMVEST Ltd’s holdings in Uber Technologies were worth $3,811,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its stake in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Polianta Ltd bought a new stake in Uber Technologies during the 4th quarter valued at about $1,206,000. Allworth Financial LP raised its holdings in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares during the last quarter. Brophy Wealth Management LLC purchased a new position in Uber Technologies in the third quarter worth about $1,041,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $3,188,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.9 %

Shares of UBER opened at $76.54 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a market cap of $159.90 billion, a PE ratio of 16.79, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a fifty day moving average of $72.85 and a 200 day moving average of $71.63.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Citigroup reduced their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, 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. Over the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Uber Technologies 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.