Sykon Capital LLC Sells 7,776 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sykon Capital LLC reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,543 shares of the ride-sharing company’s stock after selling 7,776 shares during the quarter. Sykon Capital LLC’s holdings in Uber Technologies were worth $2,373,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Vestmark Advisory Solutions Inc. boosted its position in shares of Uber Technologies by 15.0% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 15,781 shares of the ride-sharing company’s stock worth $972,000 after purchasing an additional 2,062 shares in the last quarter. AJOVista LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $99,000. Provence Wealth Management Group grew its stake in Uber Technologies by 42.4% in the fourth quarter. Provence Wealth Management Group now owns 7,222 shares of the ride-sharing company’s stock valued at $445,000 after acquiring an additional 2,152 shares during the period. Legacy Financial Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $343,000. Finally, Sapient Capital LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $1,937,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred 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 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 owned by corporate insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.66 during trading hours on Friday, reaching $69.23. The company had a trading volume of 15,557,671 shares, compared to its average volume of 18,839,496. The firm has a market cap of $144.09 billion, a PE ratio of 80.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Uber Technologies, Inc. has a one year low of $36.69 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day simple moving average of $75.33 and a 200 day simple moving average of $65.27.

Uber Technologies (NYSE:UBER) last issued its 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. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. KeyCorp boosted their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Susquehanna raised their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. BTIG Research increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Jefferies Financial Group raised their target price on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Argus upped their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $81.65.

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.