Versor Investments LP Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Versor Investments LP lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 23.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,900 shares of the ride-sharing company’s stock after selling 2,100 shares during the quarter. Versor Investments LP’s holdings in Uber Technologies were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UBER. Avion Wealth grew its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies in the 4th quarter worth $35,000. Finally, Transcendent Capital Group LLC increased its stake in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER stock opened at $76.07 on Monday. The stock’s 50-day moving average price is $69.53 and its 200 day moving average price is $71.53. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a market capitalization of $158.90 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on UBER shares. Citigroup reduced their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, Wells Fargo & Company decreased their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

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.