NTV Asset Management LLC Sells 11,325 Shares of Uber Technologies, Inc. (NYSE:UBER)

NTV Asset Management LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 76.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the ride-sharing company’s stock after selling 11,325 shares during the period. NTV Asset Management LLC’s holdings in Uber Technologies were worth $215,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Highlander Capital Management LLC lifted its holdings in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA lifted its holdings in shares of Uber Technologies by 73.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after acquiring an additional 14,153 shares during the period. Financial Enhancement Group LLC bought a new position in shares of Uber Technologies during the 4th quarter worth about $1,112,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock worth $4,242,000 after acquiring an additional 24,247 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 1.0 %

UBER traded up $0.66 during trading 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 company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 12 month low of $36.69 and a 12 month high of $82.14. The business’s fifty day moving average price is $75.33 and its 200 day moving average price is $65.43. The company has a market cap of $144.09 billion, a P/E ratio of 80.50, a PEG ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share 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 firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling at Uber Technologies

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Thursday, February 15th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Roth Mkm increased their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Jefferies Financial Group increased their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, UBS Group increased their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $81.65.

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.