Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,735 shares of the ride-sharing company’s stock after selling 1,506 shares during the period. Good Life Advisors LLC’s holdings in Uber Technologies were worth $846,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth approximately $580,568,000. Altimeter Capital Management LP lifted its position in Uber Technologies by 167.5% during the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after acquiring an additional 19,260,000 shares in the last quarter. Brown Advisory Inc. lifted its position in Uber Technologies by 1,108.6% during the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after acquiring an additional 14,386,205 shares in the last quarter. Davidson Kempner Capital Management LP lifted its position in Uber Technologies by 104.0% during the 1st quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company’s stock worth $15,850,000 after acquiring an additional 13,000,000 shares in the last quarter. Finally, Steadfast Capital Management LP acquired a new position in Uber Technologies during the 4th quarter worth approximately $178,126,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research report on Wednesday, January 24th. Argus boosted their price target on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday. BMO Capital Markets boosted their price target on Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $75.41.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s 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 transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

NYSE:UBER traded down $1.12 during trading hours on Thursday, reaching $76.99. The company had a trading volume of 13,407,214 shares, compared to its average volume of 20,295,463. The stock has a 50-day moving average of $74.26 and a two-hundred day moving average of $60.24. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The firm has a market capitalization of $159.87 billion, a PE ratio of 89.99, a PEG ratio of 1.26 and a beta of 1.37. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 1.19 earnings per share 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.