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

Quantbot Technologies LP trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,089 shares of the ride-sharing company's stock after selling 31,147 shares during the period. Quantbot Technologies LP's holdings in Uber Technologies were worth $1,875,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UBER. Jennison Associates LLC increased its position in shares of 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 purchasing an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $381,057,000. Assenagon Asset Management S.A. lifted its stake in shares of 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 worth $398,809,000 after buying an additional 5,753,637 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $166,072,000. Finally, Nordea Investment Management AB grew its holdings in Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company's stock valued at $134,144,000 after buying an additional 2,064,382 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson lowered 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. Wells Fargo & Company cut their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Tigress Financial upped their price target on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

Uber Technologies Stock Performance

UBER stock traded down $0.89 on Tuesday, hitting $75.62. The company's stock had a trading volume of 11,764,851 shares, compared to its average volume of 19,651,368. The stock has a market cap of $157.98 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm has a 50 day moving average of $72.85 and a two-hundred day moving average of $71.63. 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 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 results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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 analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

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.