Uber Technologies, Inc. (NYSE:UBER) Stake Lowered by Quadrant Capital Group LLC

Quadrant Capital Group LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,412 shares of the ride-sharing company’s stock after selling 1,465 shares during the period. Quadrant Capital Group LLC’s holdings in Uber Technologies were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC boosted its position in shares of Uber Technologies by 28.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 61,044 shares of the ride-sharing company’s stock worth $4,588,000 after buying an additional 13,517 shares during the period. Orion Portfolio Solutions LLC boosted its position in Uber Technologies by 11.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 39,635 shares of the ride-sharing company’s stock worth $2,979,000 after acquiring an additional 3,981 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Uber Technologies by 12.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,688,565 shares of the ride-sharing company’s stock worth $126,913,000 after purchasing an additional 190,366 shares in the last quarter. Geller Advisors LLC increased its holdings in shares of Uber Technologies by 6.5% during the third quarter. Geller Advisors LLC now owns 4,331 shares of the ride-sharing company’s stock valued at $326,000 after purchasing an additional 266 shares during the period. Finally, Raelipskie Partnership raised its stake in shares of Uber Technologies by 15.0% during the third quarter. Raelipskie Partnership now owns 10,704 shares of the ride-sharing company’s stock valued at $805,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The transaction 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 stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $65.60 on Tuesday. The firm has a market cap of $137.21 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $73.68 and a 200 day simple moving average of $71.67.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. KGI Securities reiterated a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.41.

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.