AXS Investments LLC Sells 16,687 Shares of Uber Technologies, Inc. (NYSE:UBER)

AXS Investments LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,739 shares of the ride-sharing company’s stock after selling 16,687 shares during the quarter. AXS Investments LLC’s holdings in Uber Technologies were worth $2,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE boosted its stake in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the last quarter. CVA Family Office LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $30,000. Highlander Capital Management LLC raised its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. Citigroup boosted their price target on Uber Technologies from $91.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Wednesday, May 15th. BTIG Research boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Royal Bank of Canada lowered their target price on Uber Technologies from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Finally, Argus boosted their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Uber Technologies Stock Down 2.9 %

NYSE UBER traded down $1.88 on Thursday, reaching $63.60. The company had a trading volume of 20,079,809 shares, compared to its average volume of 20,391,641. The stock has a market capitalization of $132.89 billion, a P/E ratio of 103.40, a P/E/G ratio of 1.35 and a beta of 1.39. The company’s fifty day moving average is $72.14 and its 200 day moving average is $67.39. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the previous year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. 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.