Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 41.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 114,743 shares of the ride-sharing company’s stock after selling 79,697 shares during the quarter. Investment Management Corp of Ontario’s holdings in Uber Technologies were worth $6,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Welch & Forbes LLC raised its stake in Uber Technologies by 3.9% during the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after purchasing an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 150 shares during the period. Drive Wealth Management LLC raised its position in shares of Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after buying an additional 155 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD grew its position in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 170 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,904 shares of company stock valued at $6,027,619 over the last ninety days. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.4 %

NYSE UBER opened at $82.60 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market capitalization of $172.73 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The stock has a fifty day moving average of $74.72 and a 200-day moving average of $71.53.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. Barclays upped their price target on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday. KGI Securities restated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, KeyCorp lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.69.

Uber Technologies 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.