Uber Technologies, Inc. (NYSE:UBER) Stake Cut by Absolute Capital Management LLC

Absolute Capital Management LLC reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,900 shares of the ride-sharing company’s stock after selling 2,500 shares during the period. Absolute Capital Management LLC’s holdings in Uber Technologies were worth $1,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $30,000. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% during 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 in the last quarter. Bfsg LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $31,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in shares of Uber Technologies by 82.9% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after purchasing an additional 262 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 0.4 %

Shares of UBER opened at $69.05 on Friday. The stock has a fifty day moving average price of $76.30 and a two-hundred day moving average price of $64.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The company has a market cap of $143.72 billion, a price-to-earnings ratio of 80.29, a PEG ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction 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 sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction 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 completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction 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 sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Roth Mkm increased their price objective on Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 8th. 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 report on Wednesday, January 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

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.