Winslow Capital Management LLC Sells 5,837,279 Shares of Uber Technologies, Inc. (NYSE:UBER)

Winslow Capital Management LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 99.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,903 shares of the ride-sharing company's stock after selling 5,837,279 shares during the quarter. Winslow Capital Management LLC's holdings in Uber Technologies were worth $718,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UBER. Avion Wealth boosted its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $35,000. Finally, Kieckhefer Group LLC bought a new position in Uber Technologies during the 4th quarter worth $33,000. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UBER shares. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Piper Sandler restated an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.97.

Uber Technologies Trading Up 1.9 %

Shares of Uber Technologies stock traded up $1.32 on Friday, hitting $72.26. 16,265,909 shares of the company's stock traded hands, compared to its average volume of 20,379,883. The company has a fifty day moving average of $73.94 and a two-hundred day moving average of $71.44. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a market capitalization of $151.15 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. 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 (NYSE:UBER - Get Free Report) last posted 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 return on equity of 62.60% and a net margin of 22.41%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction dated 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 sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

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.