Y.D. More Investments Ltd Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Y.D. More Investments Ltd decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,362 shares of the ride-sharing company’s stock after selling 4,947 shares during the period. Y.D. More Investments Ltd’s holdings in Uber Technologies were worth $3,840,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after acquiring an additional 2,067,098 shares in the last quarter. Brown Advisory Inc. increased its holdings in Uber Technologies by 1,108.6% during the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after purchasing an additional 14,386,205 shares during the last quarter. Northern Trust Corp raised its position in shares of Uber Technologies by 2.9% in the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock valued at $568,254,000 after purchasing an additional 351,575 shares in the last quarter. Winslow Capital Management LLC boosted its stake in shares of Uber Technologies by 33.6% during the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after buying an additional 2,278,252 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Uber Technologies during the third quarter worth approximately $272,625,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 2.3 %

Uber Technologies stock traded up $1.52 during mid-day trading on Wednesday, hitting $67.79. The company’s stock had a trading volume of 21,195,236 shares, compared to its average volume of 19,781,389. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 52-week low of $34.23 and a 52-week high of $82.14. The firm’s 50 day moving average is $75.87 and its 200 day moving average is $64.91. The company has a market cap of $141.10 billion, a PE ratio of 77.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Insider Transactions at Uber Technologies

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

Analyst Ratings Changes

A number of research analysts have commented on UBER shares. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, February 15th. Argus lifted their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. The Goldman Sachs Group upped their price objective on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Citigroup lifted their target price on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Susquehanna upped their price target on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.39.

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.