Intech Investment Management LLC Cuts Position in Uber Technologies, Inc. (NYSE:UBER)

Intech Investment Management LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,610 shares of the ride-sharing company’s stock after selling 17,431 shares during the quarter. Intech Investment Management LLC’s holdings in Uber Technologies were worth $6,071,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Highlander Capital Management LLC raised its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after buying an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after buying an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,112,000. Finally, Fifth Third Bancorp grew its stake in shares of Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after buying an additional 24,247 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value 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 $109,245,746.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UBER. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Mizuho increased their target price on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, KeyCorp raised their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Uber Technologies Stock Up 1.0 %

UBER traded up $0.66 during trading on Friday, reaching $64.26. 10,385,892 shares of the stock traded hands, compared to its average volume of 23,057,772. The stock has a market cap of $134.27 billion, a price-to-earnings ratio of 103.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day simple moving average is $71.62 and its two-hundred day simple moving average is $67.60.

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

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.