Value Star Asset Management Hong Kong Ltd Has $7.67 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Value Star Asset Management Hong Kong Ltd cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 78.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 124,500 shares of the ride-sharing company’s stock after selling 459,700 shares during the quarter. Uber Technologies makes up about 2.6% of Value Star Asset Management Hong Kong Ltd’s portfolio, making the stock its 9th largest holding. Value Star Asset Management Hong Kong Ltd’s holdings in Uber Technologies were worth $7,665,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC boosted its holdings in shares of Uber Technologies by 12.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 2,268 shares of the ride-sharing company’s stock worth $140,000 after buying an additional 251 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in Uber Technologies by 2.7% during the fourth quarter. Thompson Davis & CO. Inc. now owns 14,800 shares of the ride-sharing company’s stock worth $911,000 after acquiring an additional 390 shares in the last quarter. Savant Capital LLC grew its holdings in Uber Technologies by 9.3% in the fourth quarter. Savant Capital LLC now owns 7,390 shares of the ride-sharing company’s stock worth $455,000 after purchasing an additional 631 shares during the period. Brighton Jones LLC increased its stake in Uber Technologies by 29.6% in the fourth quarter. Brighton Jones LLC now owns 17,842 shares of the ride-sharing company’s stock valued at $1,099,000 after purchasing an additional 4,073 shares in the last quarter. Finally, Certuity LLC raised its holdings in shares of Uber Technologies by 6.8% during the fourth quarter. Certuity LLC now owns 6,475 shares of the ride-sharing company’s stock valued at $399,000 after purchasing an additional 413 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Truist Financial raised their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Citigroup raised their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Roth Mkm boosted their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. UBS Group lifted their price target on Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, JMP Securities reissued a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.39.

Uber Technologies Trading Up 2.3 %

Shares of NYSE:UBER traded up $1.52 during trading on Wednesday, reaching $67.79. 21,195,236 shares of the company traded hands, compared to its average volume of 19,781,389. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 52-week low of $34.23 and a 52-week high of $82.14. The business’s fifty day moving average is $75.87 and its 200-day moving average is $64.91. The firm has a market capitalization of $141.10 billion, a price-to-earnings ratio of 77.35, a P/E/G ratio of 1.06 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 1.23 EPS for the current year.

About Uber Technologies

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.