Uber Technologies, Inc. (NYSE:UBER) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,289 shares of the ride-sharing company's stock after selling 8,560 shares during the quarter. IHT Wealth Management LLC's holdings in Uber Technologies were worth $1,465,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after acquiring an additional 2,364,525 shares during the period. Capital Research Global Investors lifted its stake in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors lifted its stake in Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 2.2 %

Shares of NYSE:UBER opened at $74.50 on Wednesday. The firm has a market capitalization of $155.84 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The business's 50 day moving average price is $73.81 and its 200-day moving average price is $71.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. 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 released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were 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 owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 in the last three months. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UBER. TD Cowen decreased their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, April 3rd. Truist Financial lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, April 9th. Finally, 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. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

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.

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