Bessemer Group Inc. Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bessemer Group Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 98.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,855 shares of the ride-sharing company's stock after selling 1,876,702 shares during the quarter. Bessemer Group Inc.'s holdings in Uber Technologies were worth $1,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% in 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. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. grew its position 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 acquiring an additional 223 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 9th. KeyCorp cut their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.81.

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Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 in the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.97 during midday trading on Tuesday, hitting $74.07. 13,754,270 shares of the company's stock traded hands, compared to its average volume of 20,322,227. The stock has a market capitalization of $154.94 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a fifty day moving average of $74.11 and a 200 day moving average of $71.42.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast 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.