Peninsula Wealth LLC Sells 417 Shares of Uber Technologies, Inc. (NYSE:UBER)

Peninsula Wealth LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,534 shares of the ride-sharing company’s stock after selling 417 shares during the period. Peninsula Wealth LLC’s holdings in Uber Technologies were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares in the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock valued at $2,621,929,000 after buying an additional 1,061,088 shares in the last quarter. Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares during the period. Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $1,467,754,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Uber Technologies by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company’s stock valued at $800,637,000 after acquiring an additional 774,956 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred 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 directly owns 22,162 shares of the company’s stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on UBER shares. DA Davidson decreased their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company boosted their target price on Uber Technologies from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, April 3rd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $89.97.

Uber Technologies Trading Up 1.9 %

Shares of UBER opened at $72.26 on Monday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company’s fifty day moving average is $73.94 and its 200 day moving average is $71.44. 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 announced its 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 net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts expect 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.