Napean Trading & Investment Co Singapore PTE Ltd Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Napean Trading & Investment Co Singapore PTE Ltd reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,436 shares of the ride-sharing company's stock after selling 20,922 shares during the quarter. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Uber Technologies were worth $4,490,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Welch & Forbes LLC increased its stake in shares of Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after purchasing an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after buying an additional 150 shares in the last quarter. Drive Wealth Management LLC increased its position in Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after buying an additional 155 shares during the period. Institute for Wealth Management LLC. lifted its holdings in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after buying an additional 155 shares in the last quarter. Finally, Fairfield Financial Advisors LTD boosted its position in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after acquiring an additional 170 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Uber Technologies Trading Down 1.2 %

UBER stock traded down $0.92 during mid-day trading on Tuesday, reaching $75.59. The company's stock had a trading volume of 16,054,128 shares, compared to its average volume of 19,689,108. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business's 50 day moving average price is $72.85 and its 200 day moving average price is $71.63. The company has a market cap of $157.91 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Tigress Financial raised their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Ten research 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.31.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company's stock.

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.