Greenland Capital Management LP Reduces Stake in Uber Technologies, Inc. (NYSE:UBER)

Greenland Capital Management LP lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 67.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,682 shares of the ride-sharing company's stock after selling 31,881 shares during the period. Greenland Capital Management LP's holdings in Uber Technologies were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in UBER. Teachers Retirement System of The State of Kentucky increased its stake in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock worth $24,180,000 after purchasing an additional 13,433 shares during the period. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter worth $1,206,000. Allworth Financial LP lifted its holdings in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after buying an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $1,041,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies in the fourth quarter valued at about $3,188,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 1.9 %

Shares of Uber Technologies stock traded up $1.32 during trading on Friday, hitting $72.26. The stock had a trading volume of 16,265,909 shares, compared to its average volume of 20,344,867. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm's fifty day simple moving average is $73.94 and its 200-day simple moving average is $71.47. The stock has a market cap of $151.15 billion, a PE ratio of 15.85, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on UBER. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Evercore ISI cut their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday. DA Davidson cut their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, TD Cowen reduced their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.97.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by company insiders.

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.