Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Taika Capital LP

Taika Capital LP lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 42.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,715 shares of the ride-sharing company’s stock after selling 29,911 shares during the quarter. Uber Technologies comprises 1.9% of Taika Capital LP’s investment portfolio, making the stock its 21st biggest holding. Taika Capital LP’s holdings in Uber Technologies were worth $2,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. AlphaQuest LLC lifted its position in Uber Technologies by 1,034.9% in the fourth quarter. AlphaQuest LLC now owns 4,778 shares of the ride-sharing company’s stock valued at $288,000 after acquiring an additional 4,357 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $9,101,000. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Uber Technologies by 10.1% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 193,194 shares of the ride-sharing company’s stock valued at $11,653,000 after purchasing an additional 17,657 shares during the last quarter. Personal CFO Solutions LLC boosted its position in shares of Uber Technologies by 16.9% in the 4th quarter. Personal CFO Solutions LLC now owns 7,096 shares of the ride-sharing company’s stock valued at $428,000 after purchasing an additional 1,024 shares during the period. Finally, Fairfield Financial Advisors LTD grew its stake in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBER. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

Uber Technologies Trading Up 1.9 %

Shares of UBER stock opened at $76.38 on Monday. The stock has a market cap of $159.55 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business has a fifty day simple moving average of $70.92 and a 200-day simple moving average of $71.62.

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

Uber Technologies 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.