ATOMVEST Ltd Lowers Holdings in Uber Technologies, Inc. (NYSE:UBER)

ATOMVEST Ltd cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 67.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,178 shares of the ride-sharing company's stock after selling 128,800 shares during the quarter. Uber Technologies accounts for 5.3% of ATOMVEST Ltd's portfolio, making the stock its 5th largest holding. ATOMVEST Ltd's holdings in Uber Technologies were worth $3,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Welch & Forbes LLC lifted its position in shares of Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after acquiring an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after purchasing an additional 150 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after purchasing an additional 155 shares in the last quarter. Institute for Wealth Management LLC. boosted its position in shares of Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after buying an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD grew its holdings in shares of Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after buying an additional 170 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Uber Technologies Stock Performance

Shares of UBER stock traded down $2.34 during trading hours on Friday, reaching $72.52. 7,369,359 shares of the company's stock were exchanged, compared to its average volume of 20,056,332. 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 stock has a market capitalization of $151.49 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a fifty day moving average price of $73.33 and a 200-day moving average price of $71.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the subject of several research analyst reports. Arete Research raised Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group restated a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Piper Sandler reiterated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten equities 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. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $90.31.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was 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 in the company, valued at approximately $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 through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

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.