Sirios Capital Management L P Reduces Stake in Uber Technologies, Inc. (NYSE:UBER)

Sirios Capital Management L P lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 170,745 shares of the ride-sharing company's stock after selling 6,373 shares during the period. Uber Technologies accounts for approximately 1.8% of Sirios Capital Management L P's portfolio, making the stock its 18th biggest position. Sirios Capital Management L P's holdings in Uber Technologies were worth $10,299,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Avion Wealth increased its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the fourth quarter valued at $28,000. GHP Investment Advisors Inc. raised 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 purchasing an additional 223 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on UBER shares. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. KGI Securities restated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Insider Buying and Selling

In other Uber Technologies 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 transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's 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 sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 over the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 2.2 %

Shares of NYSE:UBER opened at $74.50 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two 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. The firm's 50-day simple moving average is $73.81 and its 200-day simple moving average is $71.45. The company has a market cap of $155.84 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.89 and a beta of 1.37.

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

About Uber Technologies

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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