Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 53.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,705 shares of the ride-sharing company's stock after selling 29,878 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Uber Technologies were worth $1,551,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Avion Wealth grew its position in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. increased its stake in 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 buying an additional 223 shares during the period. Kieckhefer Group LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the 4th quarter valued at approximately $35,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on UBER shares. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Citigroup lowered their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.41.

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Insider Activity

In related news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on 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 completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00 % 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. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.98 during midday trading on Monday, hitting $65.60. The stock had a trading volume of 32,792,988 shares, compared to its average volume of 20,225,010. The company has a market capitalization of $137.21 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a 50 day moving average price of $73.75 and a two-hundred day moving average price of $71.74. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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 analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

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.