Sapient Capital LLC Sells 6,526 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sapient Capital LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 20.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,930 shares of the ride-sharing company’s stock after selling 6,526 shares during the period. Sapient Capital LLC’s holdings in Uber Technologies were worth $1,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strategic Blueprint LLC increased its position in shares of Uber Technologies by 7.9% during the third quarter. Strategic Blueprint LLC now owns 6,198 shares of the ride-sharing company’s stock worth $285,000 after acquiring an additional 453 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Uber Technologies by 14.2% during the third quarter. Koshinski Asset Management Inc. now owns 5,760 shares of the ride-sharing company’s stock worth $265,000 after purchasing an additional 717 shares during the last quarter. UMB Bank n.a. boosted its holdings in Uber Technologies by 177.9% during the third quarter. UMB Bank n.a. now owns 5,917 shares of the ride-sharing company’s stock worth $272,000 after purchasing an additional 3,788 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Uber Technologies by 31.6% during the third quarter. Ballentine Partners LLC now owns 15,371 shares of the ride-sharing company’s stock worth $707,000 after purchasing an additional 3,687 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC purchased a new position in Uber Technologies during the third quarter worth about $205,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UBER. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Barclays boosted their target price on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets boosted their target price on shares of Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $79.39.

Uber Technologies Trading Down 1.7 %

Shares of Uber Technologies stock traded down $1.14 during trading on Tuesday, reaching $66.26. The company’s stock had a trading volume of 22,698,419 shares, compared to its average volume of 19,764,270. Uber Technologies, Inc. has a 52-week low of $31.76 and a 52-week high of $82.14. The company has a market cap of $137.91 billion, a price-to-earnings ratio of 77.05, a PEG ratio of 1.09 and a beta of 1.36. The firm’s 50-day moving average is $75.87 and its two-hundred day moving average is $64.91. 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 announced 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 company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Insider Activity

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 Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction 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 sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, 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. 3.80% of the stock is owned by corporate insiders.

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.