Soros Capital Management LLC Reduces Stake in Uber Technologies, Inc. (NYSE:UBER)

Soros Capital Management LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 94.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,530 shares of the ride-sharing company's stock after selling 132,843 shares during the period. Soros Capital Management LLC's holdings in Uber Technologies were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of UBER. Capital Research Global Investors grew its position in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new stake in Uber Technologies in the 4th quarter worth about $1,467,754,000. Jennison Associates LLC boosted its holdings in Uber Technologies by 36.9% in 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 period. Boston Partners acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $381,057,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of 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 purchasing an additional 5,753,637 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on UBER. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Wells Fargo & Company raised their target price on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Ten investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Down 0.8 %

UBER traded down $0.62 during trading on Wednesday, reaching $73.82. 22,736,748 shares of the stock traded hands, compared to its average volume of 20,343,562. The stock's 50-day moving average is $73.81 and its 200 day moving average is $71.45. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month 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 stock has a market capitalization of $154.42 billion, a PE ratio of 16.19, a P/E/G ratio of 0.89 and a beta of 1.37.

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

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.