Kayne Anderson Rudnick Investment Management LLC Sells 25,196 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kayne Anderson Rudnick Investment Management LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 699,015 shares of the ride-sharing company’s stock after selling 25,196 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Uber Technologies were worth $42,165,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth raised its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the 4th quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other Uber Technologies news, 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 transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders 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

NYSE UBER opened at $75.28 on Monday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market cap of $157.47 billion, a PE ratio of 16.51, 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. The firm’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $71.44.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on UBER. KeyCorp decreased their target price on shares of Uber Technologies from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Evercore ISI lowered their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.81.

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.