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

Thames Capital Management LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 182,576 shares of the ride-sharing company’s stock after selling 8,110 shares during the period. Uber Technologies accounts for approximately 3.0% of Thames Capital Management LLC’s portfolio, making the stock its 15th largest position. Thames Capital Management LLC’s holdings in Uber Technologies were worth $11,013,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Avion Wealth lifted its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $28,000. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC purchased a new position in Uber Technologies in the 4th quarter valued at $33,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.41.

Insiders Place Their Bets

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

Uber Technologies Stock Performance

Shares of UBER opened at $64.50 on Friday. The company has a market capitalization of $134.92 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company’s 50 day simple moving average is $73.75 and its 200 day simple moving average is $71.75.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.