Scholtz & Company LLC Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Scholtz & Company LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,024 shares of the ride-sharing company's stock after selling 15,211 shares during the quarter. Uber Technologies comprises approximately 2.0% of Scholtz & Company LLC's holdings, making the stock its 18th largest holding. Scholtz & Company LLC's holdings in Uber Technologies were worth $4,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in shares of Uber Technologies in the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC increased its position 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 during the last quarter. Boston Partners purchased a new stake in Uber Technologies during the 4th quarter valued at $381,057,000. Assenagon Asset Management S.A. boosted its stake in Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after buying an additional 5,753,637 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new position in Uber Technologies during the fourth quarter valued at $166,072,000. Institutional investors own 80.24% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently weighed in on UBER. Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Piper Sandler reissued an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.41.

Uber Technologies Stock Performance

UBER traded down $4.62 on Thursday, reaching $69.88. The stock had a trading volume of 23,256,579 shares, compared to its average volume of 20,108,403. 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 company has a market cap of $146.17 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business's 50-day moving average price is $73.80 and its two-hundred day moving average price is $71.82.

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

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a 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 that occurred 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 sale, the senior vice president now directly owns 361,908 shares in the company, valued at $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. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

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.