Uber Technologies, Inc. (NYSE:UBER) Stake Raised by Sciencast Management LP

Sciencast Management LP increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 537.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,505 shares of the ride-sharing company's stock after purchasing an additional 42,580 shares during the period. Uber Technologies accounts for 0.8% of Sciencast Management LP's holdings, making the stock its 10th biggest holding. Sciencast Management LP's holdings in Uber Technologies were worth $3,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Avion Wealth grew its stake in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 85.1% during the 4th 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 last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $35,000. Kieckhefer Group LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $33,000. Finally, Fairfield Financial Advisors LTD raised its holdings in shares of Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after acquiring an additional 170 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. DA Davidson reduced their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. UBS Group restated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. 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, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

Uber Technologies Stock Down 1.9 %

UBER stock traded down $1.43 during trading on Wednesday, hitting $74.18. 11,827,485 shares of the company's stock traded hands, compared to its average volume of 19,638,167. The business has a fifty day simple moving average of $73.06 and a two-hundred day simple moving average of $71.67. 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 has a market capitalization of $154.95 billion, a P/E ratio of 16.27, a PEG ratio of 0.89 and a beta of 1.39. 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 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%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % 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 three months. Corporate 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.