SageView Advisory Group LLC Sells 5,281 Shares of Uber Technologies, Inc. (NYSE:UBER)

SageView Advisory Group LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,838 shares of the ride-sharing company's stock after selling 5,281 shares during the period. SageView Advisory Group LLC's holdings in Uber Technologies were worth $412,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. raised its position in Uber Technologies by 381.8% in the fourth quarter. Savvy Advisors Inc. now owns 13,202 shares of the ride-sharing company's stock worth $796,000 after purchasing an additional 10,462 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Uber Technologies by 191.7% in the 4th quarter. Synovus Financial Corp now owns 51,038 shares of the ride-sharing company's stock valued at $3,079,000 after purchasing an additional 33,539 shares during the period. Stamos Capital Partners L.P. raised its holdings in shares of Uber Technologies by 67.1% in the 4th quarter. Stamos Capital Partners L.P. now owns 33,050 shares of the ride-sharing company's stock worth $1,994,000 after buying an additional 13,270 shares in the last quarter. Black Creek Investment Management Inc. lifted its position in shares of Uber Technologies by 43.3% during the 4th quarter. Black Creek Investment Management Inc. now owns 244,385 shares of the ride-sharing company's stock worth $14,741,000 after buying an additional 73,810 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $433,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. 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 note on Friday, January 3rd. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, April 9th. Evercore ISI reduced their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Finally, Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % 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 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Up 3.0 %

UBER traded up $2.22 during trading on Friday, hitting $75.28. The company had a trading volume of 21,882,922 shares, compared to its average volume of 20,370,869. The firm's 50-day moving average price is $74.06 and its 200 day moving average price is $71.46. The company has a market capitalization of $157.47 billion, a PE ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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 return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts expect 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.