Value Star Asset Management Hong Kong Ltd Reduces Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Value Star Asset Management Hong Kong Ltd decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 78.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,500 shares of the ride-sharing company’s stock after selling 459,700 shares during the quarter. Uber Technologies accounts for about 2.6% of Value Star Asset Management Hong Kong Ltd’s investment portfolio, making the stock its 9th largest position. Value Star Asset Management Hong Kong Ltd’s holdings in Uber Technologies were worth $7,665,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. PDS Planning Inc purchased a new position in Uber Technologies in the 3rd quarter worth about $208,000. Vicus Capital acquired a new stake in shares of Uber Technologies during the third quarter valued at approximately $331,000. SVB Wealth LLC raised its holdings in shares of Uber Technologies by 2.7% during the third quarter. SVB Wealth LLC now owns 40,072 shares of the ride-sharing company’s stock valued at $1,843,000 after acquiring an additional 1,038 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Uber Technologies by 19.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 219,766 shares of the ride-sharing company’s stock valued at $10,107,000 after acquiring an additional 36,163 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Uber Technologies by 33.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,035,331 shares of the ride-sharing company’s stock worth $47,615,000 after purchasing an additional 257,657 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the 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 sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies 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 transaction 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the company’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 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group increased 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. UBS Group lifted their target price on Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. KeyCorp raised their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Susquehanna upped their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Citigroup lifted their target price on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.39.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded up $1.52 during trading on Wednesday, reaching $67.79. The company’s stock had a trading volume of 21,195,236 shares, compared to its average volume of 19,781,389. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $141.10 billion, a P/E ratio of 77.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $34.23 and a one year high of $82.14. The stock has a 50-day moving average price of $75.87 and a two-hundred day moving average price of $64.91.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter last year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal 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.