Thompson Siegel & Walmsley LLC Cuts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Thompson Siegel & Walmsley LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,800 shares of the ride-sharing company’s stock after selling 11,000 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Uber Technologies were worth $4,852,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Principal Securities Inc. bought a new position in shares of Uber Technologies in the 4th quarter valued at about $820,000. Vestor Capital LLC boosted its holdings in shares of Uber Technologies by 3.2% in the 4th quarter. Vestor Capital LLC now owns 277,812 shares of the ride-sharing company’s stock worth $17,105,000 after purchasing an additional 8,710 shares during the period. Summa Corp. bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $2,985,000. Breed s Hill Capital LLC bought a new position in Uber Technologies during the fourth quarter valued at $392,000. Finally, Wealthspire Advisors LLC boosted its stake in shares of Uber Technologies by 1.2% during the 4th quarter. Wealthspire Advisors LLC now owns 24,738 shares of the ride-sharing company’s stock worth $1,523,000 after purchasing an additional 290 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.94 during midday trading on Friday, reaching $66.99. The company had a trading volume of 18,924,391 shares, compared to its average volume of 23,478,420. Uber Technologies, Inc. has a 1 year low of $37.07 and a 1 year high of $82.14. The business’s 50-day simple moving average is $74.29 and its 200 day simple moving average is $66.01. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market cap of $139.98 billion, a P/E ratio of 108.05, a P/E/G ratio of 1.07 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) EPS. On average, analysts forecast that Uber Technologies, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday. Barclays increased their target price on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets upped their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Piper Sandler raised their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, Moffett Nathanson reissued a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $83.75.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.