Sfmg LLC Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Sfmg LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 27.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,484 shares of the ride-sharing company’s stock after selling 4,048 shares during the quarter. Sfmg LLC’s holdings in Uber Technologies were worth $646,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares in the last quarter. Altimeter Capital Management LP increased its holdings in shares of Uber Technologies by 167.5% in the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after buying an additional 19,260,000 shares during the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter worth about $580,568,000. Capital World Investors increased its holdings in shares of Uber Technologies by 18.5% in the 1st quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock worth $787,480,000 after buying an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Uber Technologies by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock worth $651,575,000 after buying an additional 615,942 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.0 %

NYSE:UBER traded up $0.73 during midday trading on Wednesday, reaching $74.13. 14,513,119 shares of the stock traded hands, compared to its average volume of 13,802,678. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14. The business has a 50-day moving average of $76.91 and a two-hundred day moving average of $63.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $154.29 billion, a PE ratio of 86.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UBER shares. Moffett Nathanson restated a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Wells Fargo & Company upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Piper Sandler upped their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.21.

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.