Uber Technologies, Inc. (NYSE:UBER) Stake Decreased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,653,415 shares of the ride-sharing company’s stock after selling 288,384 shares during the period. Uber Technologies accounts for about 2.0% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Zevenbergen Capital Investments LLC owned 0.08% of Uber Technologies worth $99,734,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Nwam LLC raised its holdings in Uber Technologies by 5.6% in the 3rd quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company’s stock worth $794,000 after acquiring an additional 562 shares during the period. Nicolet Advisory Services LLC increased its position in shares of Uber Technologies by 3.6% during the third quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company’s stock worth $413,000 after acquiring an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in shares of Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company’s stock valued at $3,353,000 after acquiring an additional 4,584 shares during the period. Cerity Partners LLC boosted its holdings in shares of Uber Technologies by 36.0% during the 3rd quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company’s stock worth $32,334,000 after buying an additional 113,989 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of Uber Technologies by 18.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock valued at $1,231,000 after buying an additional 2,546 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on UBER shares. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup lowered their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock worth $5,587,619 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 2.1 %

Shares of NYSE:UBER opened at $75.94 on Monday. The business’s fifty day simple moving average is $72.64 and its 200-day simple moving average is $71.59. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $158.65 billion, a PE ratio of 16.65, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities research 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.