BIT Capital GmbH Has $1.47 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

BIT Capital GmbH reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,290 shares of the ride-sharing company's stock after selling 87,608 shares during the period. BIT Capital GmbH's holdings in Uber Technologies were worth $1,465,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC lifted its holdings in shares of Uber Technologies by 18.4% during the third quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company's stock valued at $1,231,000 after acquiring an additional 2,546 shares during the period. Larson Financial Group LLC boosted its position in Uber Technologies by 38.1% in the third quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company's stock valued at $247,000 after buying an additional 906 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Uber Technologies by 178.1% in the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company's stock valued at $272,000 after buying an additional 2,314 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Uber Technologies during the third quarter worth about $749,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Uber Technologies by 0.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company's stock worth $98,168,000 after buying an additional 11,190 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

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Uber Technologies Stock Performance

NYSE UBER traded down $2.15 on Friday, hitting $72.71. 11,255,568 shares of the stock were exchanged, compared to its average volume of 20,097,389. The business's fifty day moving average is $73.44 and its 200 day moving average is $71.75. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a market capitalization of $152.09 billion, a PE ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. 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 (NYSE:UBER - Get Free Report) last posted its quarterly 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 return on equity of 62.60% and a net margin of 22.41%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. KGI Securities reissued a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. The Goldman Sachs Group restated a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Wolfe Research raised their price target 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, UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies 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 completion of the sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by insiders.

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.