O Shaughnessy Asset Management LLC Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

O Shaughnessy Asset Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,229 shares of the ride-sharing company's stock after selling 32,081 shares during the period. O Shaughnessy Asset Management LLC's holdings in Uber Technologies were worth $9,786,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Uber Technologies during the fourth quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER traded up $0.17 during trading hours on Tuesday, reaching $73.03. 16,868,970 shares of the company's stock were exchanged, compared to its average volume of 20,099,981. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $152.77 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a 50-day moving average of $73.66 and a 200 day moving average of $71.80.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBER. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. DA Davidson dropped their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Citigroup cut their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.31.

Insiders Place Their Bets

In other news, 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 value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is 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.