Jackson Square Partners LLC Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Jackson Square Partners LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,473 shares of the ride-sharing company's stock after selling 5,055 shares during the quarter. Jackson Square Partners LLC's holdings in Uber Technologies were worth $5,940,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Great Valley Advisor Group Inc. lifted its holdings in shares of Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company's stock valued at $3,353,000 after buying an additional 4,584 shares during the period. Cerity Partners LLC lifted its holdings in Uber Technologies by 36.0% in the third quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company's stock valued at $32,334,000 after acquiring an additional 113,989 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Uber Technologies by 18.4% in 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. Swedbank AB grew its stake in shares of Uber Technologies by 9.0% during the 3rd quarter. Swedbank AB now owns 1,011,887 shares of the ride-sharing company's stock worth $76,053,000 after purchasing an additional 83,695 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Uber Technologies by 38.1% during the 3rd quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company's stock valued at $247,000 after purchasing an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

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Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 3.1 %

UBER traded down $2.33 during trading hours on Friday, reaching $72.53. The company's stock had a trading volume of 7,432,346 shares, compared to its average volume of 24,085,814. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business's 50-day moving average is $73.33 and its 200-day moving average is $71.71. The stock has a market cap of $151.51 billion, a PE ratio of 15.91, 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 issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Ten investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.31.

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.