Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,474 shares of the ride-sharing company's stock after selling 3,191 shares during the period. Csenge Advisory Group's holdings in Uber Technologies were worth $511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC raised its stake in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after buying an additional 7,137,512 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Uber Technologies by 670.6% in the fourth 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 in the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in Uber Technologies in the fourth quarter valued at $166,072,000. Edgewood Management LLC raised its stake in Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after buying an additional 2,627,768 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in Uber Technologies in the third quarter valued at $163,468,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $2.38 during trading on Friday, hitting $78.89. 21,758,503 shares of the stock were exchanged, compared to its average volume of 28,847,662. The company has a fifty day moving average price of $67.67 and a two-hundred day moving average price of $71.11. The company has a market cap of $164.79 billion, a PE ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group cut their price target on Uber Technologies from $114.00 to $107.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. DA Davidson cut their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reiterated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.91.

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.