Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 98.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,855 shares of the ride-sharing company’s stock after selling 1,876,702 shares during the quarter. Bessemer Group Inc.’s holdings in Uber Technologies were worth $1,620,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CenterBook Partners LP increased its stake in Uber Technologies by 164.8% during the 4th quarter. CenterBook Partners LP now owns 318,683 shares of the ride-sharing company’s stock worth $19,223,000 after buying an additional 198,331 shares in the last quarter. ELCO Management Co. LLC increased its position in shares of Uber Technologies by 162.6% during the fourth quarter. ELCO Management Co. LLC now owns 17,487 shares of the ride-sharing company’s stock worth $1,055,000 after purchasing an additional 10,827 shares in the last quarter. APG Asset Management N.V. acquired a new position in Uber Technologies in the 4th quarter valued at $84,687,000. Nixon Capital LLC boosted its stake in Uber Technologies by 4.8% during the 4th quarter. Nixon Capital LLC now owns 359,304 shares of the ride-sharing company’s stock worth $21,673,000 after purchasing an additional 16,456 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Uber Technologies during the fourth quarter worth $1,148,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. DA Davidson dropped their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Uber Technologies from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, April 3rd. Piper Sandler restated an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.97.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $72.26 on Monday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a 50 day moving average of $73.94 and a two-hundred day moving average of $71.44. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $151.15 billion, a PE ratio of 15.85, a P/E/G ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.