Navalign LLC Cuts Stake in Uber Technologies, Inc. (NYSE:UBER)

Navalign LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,095 shares of the ride-sharing company’s stock after selling 511 shares during the quarter. Navalign LLC’s holdings in Uber Technologies were worth $1,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in Uber Technologies during the 4th quarter valued at approximately $30,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Uber Technologies in the third quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Uber Technologies in the third quarter worth $28,000. Finally, JFS Wealth Advisors LLC raised its stake in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.5 %

Shares of UBER traded down $1.14 during midday trading on Thursday, reaching $76.97. 13,416,887 shares of the stock were exchanged, compared to its average volume of 20,295,779. The company has a market capitalization of $159.83 billion, a P/E ratio of 89.50, a PEG ratio of 1.26 and a beta of 1.37. 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 $29.22 and a 52 week high of $82.14. The company’s 50 day moving average is $74.50 and its two-hundred day moving average is $60.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the business’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 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 filing with the SEC, which is available at this hyperlink. In related 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 sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the business’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 completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $59.00 to $62.00 in a research note on Friday, December 29th. The Goldman Sachs Group boosted their price objective on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. KeyCorp upped their price objective on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Mizuho lifted their target price on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.41.

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.