Foresight Global Investors Inc. Sells 5,395 Shares of Uber Technologies, Inc. (NYSE:UBER)

Foresight Global Investors Inc. reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,225 shares of the ride-sharing company’s stock after selling 5,395 shares during the period. Foresight Global Investors Inc.’s holdings in Uber Technologies were worth $999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. New York State Teachers Retirement System lifted its holdings in shares of Uber Technologies by 70.3% in the 3rd quarter. New York State Teachers Retirement System now owns 40,163 shares of the ride-sharing company’s stock worth $1,847,000 after purchasing an additional 16,576 shares in the last quarter. Brighton Jones LLC increased its holdings in Uber Technologies by 22.2% during the 3rd quarter. Brighton Jones LLC now owns 13,769 shares of the ride-sharing company’s stock worth $633,000 after purchasing an additional 2,503 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Uber Technologies by 120.3% in the third quarter. Castleview Partners LLC now owns 1,531 shares of the ride-sharing company’s stock worth $70,000 after purchasing an additional 836 shares during the last quarter. Hills Bank & Trust Co bought a new position in shares of Uber Technologies in the third quarter valued at approximately $108,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Uber Technologies by 9.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,411,713 shares of the ride-sharing company’s stock valued at $63,987,000 after buying an additional 115,992 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on UBER shares. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Moffett Nathanson reissued a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Piper Sandler upped their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Argus lifted their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada dropped their target price on Uber Technologies from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $83.44.

Insider Transactions at Uber Technologies

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 completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Uber Technologies Trading Up 2.3 %

Shares of Uber Technologies stock traded up $1.53 during trading on Thursday, reaching $67.93. The company’s stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. The company has a market cap of $141.39 billion, a price-to-earnings ratio of 78.99, a PEG ratio of 1.09 and a beta of 1.39. The firm’s 50-day moving average is $74.57 and its two-hundred day moving average is $65.85. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted ($0.08) EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share 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.