Adage Capital Partners GP L.L.C. Reduces Stake in Uber Technologies, Inc. (NYSE:UBER)

Adage Capital Partners GP L.L.C. lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,713,800 shares of the ride-sharing company's stock after selling 35,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.08% of Uber Technologies worth $103,376,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 85.1% in the fourth 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 during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $33,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UBER. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, April 3rd. Arete Research upgraded Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, Piper Sandler reissued an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Up 2.2 %

UBER stock opened at $74.50 on Wednesday. The company has a market capitalization of $155.84 billion, a PE ratio of 16.34, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm's 50-day moving average is $73.81 and its 200 day moving average is $71.45.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies 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 transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 in the last ninety days. Corporate insiders own 3.84% of the company's stock.

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.

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