Shell Asset Management Co. Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Shell Asset Management Co. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,937 shares of the ride-sharing company’s stock after selling 10,094 shares during the period. Shell Asset Management Co.’s holdings in Uber Technologies were worth $7,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Sherbrooke Park Advisers LLC boosted its stake in shares of Uber Technologies by 23.5% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,383 shares of the ride-sharing company’s stock valued at $1,230,000 after purchasing an additional 3,878 shares in the last quarter. Sig Brokerage LP purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $292,000. Silvercrest Asset Management Group LLC boosted its stake in shares of Uber Technologies by 52.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 76,618 shares of the ride-sharing company’s stock valued at $4,622,000 after purchasing an additional 26,197 shares in the last quarter. Sora Investors LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $13,990,000. Finally, Sphera Funds Management LTD. purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $1,810,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $90.07 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $188.35 billion, a PE ratio of 19.75, a PEG ratio of 0.89 and a beta of 1.43. The firm’s 50-day moving average price is $75.91 and its 200-day moving average price is $71.91. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $92.17.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) earnings per share. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were 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 $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,788 shares of company stock valued at $9,028,690. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UBER shares. The Goldman Sachs Group upped their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. TD Cowen lowered their price target on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Finally, DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.69.

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.