Uber Technologies, Inc. (NYSE:UBER) Shares Sold by SCP Investment LP

SCP Investment LP trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,000 shares of the ride-sharing company's stock after selling 215,000 shares during the quarter. Uber Technologies makes up 6.2% of SCP Investment LP's portfolio, making the stock its 6th biggest holding. SCP Investment LP's holdings in Uber Technologies were worth $8,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Uber Technologies during the 4th quarter worth $1,467,754,000. Jennison Associates LLC lifted its position in Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the period. Boston Partners acquired a new stake in Uber Technologies in the 4th quarter worth about $381,057,000. Assenagon Asset Management S.A. grew its holdings in Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after buying an additional 5,753,637 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $166,072,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. KGI Securities reaffirmed a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.31.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.17 during trading on Monday, hitting $72.92. The company had a trading volume of 16,021,299 shares, compared to its average volume of 20,081,208. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The business's 50-day moving average is $73.44 and its 200 day moving average is $71.76. The company has a market cap of $152.53 billion, a P/E ratio of 15.99, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.