Korea Investment CORP Sells 383,166 Shares of Uber Technologies, Inc. (NYSE:UBER)

Korea Investment CORP decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,703,574 shares of the ride-sharing company's stock after selling 383,166 shares during the period. Korea Investment CORP owned approximately 0.08% of Uber Technologies worth $102,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Avion Wealth boosted its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies during the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. raised its position 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 valued at $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $35,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Uber Technologies stock traded down $2.15 during midday trading on Friday, hitting $72.71. The stock had a trading volume of 11,255,568 shares, compared to its average volume of 20,097,389. 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, 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 firm's fifty day moving average is $73.44 and its two-hundred day moving average is $71.75.

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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 net margin of 22.41% and a return on equity of 62.60%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Wolfe Research increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.31.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 86,973 shares of the company's stock, 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 have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last ninety days. 3.84% of the stock is currently owned by company 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.