Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 699,015 shares of the ride-sharing company's stock after selling 25,196 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Uber Technologies were worth $42,165,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Polianta Ltd purchased a new stake in Uber Technologies during the fourth quarter worth about $1,206,000. Allworth Financial LP increased its stake in Uber Technologies by 8.9% during the 4th 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 during the period. Lecap Asset Management Ltd. acquired a new stake in Uber Technologies during the 4th quarter worth approximately $3,188,000. Mirador Capital Partners LP boosted its position in Uber Technologies by 40.4% in the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock valued at $5,140,000 after buying an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp acquired a new position in shares of Uber Technologies in the third quarter worth $8,243,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBER. Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Citigroup decreased their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Citizens Jmp downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Performance

Shares of UBER stock traded down $0.49 during midday trading on Friday, hitting $77.61. The company had a trading volume of 13,028,561 shares, compared to its average volume of 20,297,131. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week 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 company's 50 day simple moving average is $73.68 and its 200 day simple moving average is $71.49. The stock has a market cap of $162.34 billion, a price-to-earnings ratio of 17.05, 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 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last 90 days. Company insiders own 3.84% of the company's stock.

Uber Technologies 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.