Y.D. More Investments Ltd Sells 4,947 Shares of Uber Technologies, Inc. (NYSE:UBER)

Y.D. More Investments Ltd reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,362 shares of the ride-sharing company’s stock after selling 4,947 shares during the quarter. Y.D. More Investments Ltd’s holdings in Uber Technologies were worth $3,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares in the last quarter. Brown Advisory Inc. increased its stake in Uber Technologies by 1,108.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after buying an additional 14,386,205 shares in the last quarter. Northern Trust Corp increased its stake in Uber Technologies by 2.9% in the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after buying an additional 351,575 shares in the last quarter. Winslow Capital Management LLC raised its holdings in Uber Technologies by 33.6% during the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after acquiring an additional 2,278,252 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Uber Technologies in the third quarter valued at about $272,625,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UBER. 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. Mizuho upped their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Jefferies Financial Group lifted their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, Moffett Nathanson reiterated a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.39.

Uber Technologies Stock Performance

Shares of UBER stock traded up $1.52 during mid-day trading on Wednesday, reaching $67.79. The stock had a trading volume of 21,195,236 shares, compared to its average volume of 19,781,389. The business’s fifty day moving average is $75.87 and its 200-day moving average is $64.91. The firm has a market cap of $141.10 billion, a price-to-earnings ratio of 77.35, a PEG ratio of 1.06 and a beta of 1.36. 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 1-year low of $34.23 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, research analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies 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 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 SEC, which is available at the SEC website. 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 sale, 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. Company insiders own 3.84% of the company’s stock.

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.