Renaissance Technologies LLC Has $1.30 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Renaissance Technologies LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,500 shares of the ride-sharing company's stock after selling 495,900 shares during the period. Renaissance Technologies LLC's holdings in Uber Technologies were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd raised its holdings in shares of Uber Technologies by 46.7% in the 4th quarter. FIL Ltd now owns 535,591 shares of the ride-sharing company's stock valued at $32,307,000 after purchasing an additional 170,507 shares during the period. Rollins Financial Advisors LLC raised its stake in Uber Technologies by 29.9% in the fourth quarter. Rollins Financial Advisors LLC now owns 6,235 shares of the ride-sharing company's stock valued at $376,000 after buying an additional 1,436 shares during the period. Canopy Partners LLC lifted its position in shares of Uber Technologies by 5.3% in the fourth quarter. Canopy Partners LLC now owns 7,326 shares of the ride-sharing company's stock valued at $442,000 after buying an additional 368 shares during the last quarter. Rathbones Group PLC boosted its stake in shares of Uber Technologies by 157.7% during the 4th quarter. Rathbones Group PLC now owns 796,496 shares of the ride-sharing company's stock worth $48,045,000 after acquiring an additional 487,410 shares during the period. Finally, Twin Capital Management Inc. increased its holdings in shares of Uber Technologies by 2.7% during the 4th quarter. Twin Capital Management Inc. now owns 46,481 shares of the ride-sharing company's stock worth $2,804,000 after acquiring an additional 1,241 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. TD Cowen lowered their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Evercore ISI reduced their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $78.36 on Tuesday. The company has a market cap of $163.91 billion, a P/E ratio of 17.18, a PEG ratio of 0.89 and a beta of 1.37. 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 has a 50-day moving average price of $73.55 and a two-hundred day moving average price of $71.35. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value 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. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Corporate 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.

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