OneDigital Investment Advisors LLC Sells 27,187 Shares of Uber Technologies, Inc. (NYSE:UBER)

OneDigital Investment Advisors LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 52.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,119 shares of the ride-sharing company's stock after selling 27,187 shares during the period. OneDigital Investment Advisors LLC's holdings in Uber Technologies were worth $1,515,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors raised its holdings in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors lifted its position in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies 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 sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.36 on Friday, hitting $77.74. The stock had a trading volume of 20,038,405 shares, compared to its average volume of 20,336,884. The business's 50-day simple moving average is $73.60 and its two-hundred day simple moving average is $71.50. The stock has a market cap of $162.62 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week 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.

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

Analyst Upgrades and Downgrades

Several analysts have commented on UBER shares. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Citigroup decreased their price target on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

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.