Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,404 shares of the ride-sharing company's stock after selling 5,273 shares during the period. Sequoia Financial Advisors LLC's holdings in Uber Technologies were worth $2,859,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock worth $3,184,013,000 after purchasing an additional 893,652 shares in the last quarter. Edgewood Management LLC grew its position in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Jennison Associates LLC grew its position in Uber Technologies by 36.9% during 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. Janus Henderson Group PLC grew its position in Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after purchasing an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Uber Technologies by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock worth $800,637,000 after purchasing an additional 774,956 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.6 %

Shares of NYSE UBER opened at $69.37 on Friday. The company has a 50 day simple moving average of $71.71 and a 200-day simple moving average of $71.57. The company has a market capitalization of $144.91 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 1.39. 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.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UBER shares. Citigroup cut their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

Uber Technologies Company 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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