Uber Technologies, Inc. (NYSE:UBER) Shares Sold by EMC Capital Management

EMC Capital Management trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 84.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,140 shares of the ride-sharing company’s stock after selling 11,233 shares during the period. EMC Capital Management’s holdings in Uber Technologies were worth $129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kieckhefer Group LLC purchased a new stake in Uber Technologies during the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $35,000. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the period. Finally, Crews Bank & Trust purchased a new position in Uber Technologies during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $66.59 on Friday. The firm’s 50-day moving average is $65.77 and its 200-day moving average is $70.17. The company has a market cap of $140.21 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by company insiders.

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.