Private Advisor Group LLC Sells 48,024 Shares of Uber Technologies, Inc. (NYSE:UBER)

Private Advisor Group LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.3% during the fourth quarter, HoldingsChannel reports. The fund owned 288,749 shares of the ride-sharing company’s stock after selling 48,024 shares during the quarter. Private Advisor Group LLC’s holdings in Uber Technologies were worth $17,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares in the last quarter. Northern Trust Corp boosted its position in Uber Technologies by 2.9% during 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 during the period. Winslow Capital Management LLC boosted its position in Uber Technologies by 33.6% during the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after buying an additional 2,278,252 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Uber Technologies during the 3rd quarter worth approximately $272,625,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Uber Technologies by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,853,970 shares of the ride-sharing company’s stock valued at $269,224,000 after acquiring an additional 84,744 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated 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 owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies 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 transaction, the insider now directly owns 107,290 shares in the company, 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 Stock Up 3.3 %

Shares of UBER traded up $2.30 on Monday, reaching $71.53. The company’s stock had a trading volume of 24,989,611 shares, compared to its average volume of 19,775,627. The stock has a market capitalization of $148.88 billion, a PE ratio of 80.50, a PEG ratio of 1.09 and a beta of 1.39. 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 twelve month low of $37.07 and a twelve month high of $82.14. The firm has a fifty day moving average of $75.33 and a 200-day moving average of $65.43.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Equities analysts predict that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on UBER. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Citigroup lifted their price objective on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. KeyCorp increased their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price 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.