Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Northeast Investment Management

Northeast Investment Management cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,048 shares of the ride-sharing company’s stock after selling 4,366 shares during the quarter. Northeast Investment Management’s holdings in Uber Technologies were worth $1,571,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Birch Hill Investment Advisors LLC raised its holdings in Uber Technologies by 57.0% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 87,447 shares of the ride-sharing company’s stock valued at $5,275,000 after buying an additional 31,763 shares during the period. Empirical Finance LLC increased its position in shares of Uber Technologies by 9.6% in the fourth quarter. Empirical Finance LLC now owns 10,035 shares of the ride-sharing company’s stock worth $605,000 after acquiring an additional 875 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Uber Technologies by 66.0% in the 4th quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company’s stock valued at $3,491,000 after acquiring an additional 23,019 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of Uber Technologies by 6.8% during the 4th quarter. Moloney Securities Asset Management LLC now owns 26,790 shares of the ride-sharing company’s stock valued at $1,616,000 after acquiring an additional 1,711 shares in the last quarter. Finally, Hobart Private Capital LLC boosted its position in Uber Technologies by 25.5% during the 4th quarter. Hobart Private Capital LLC now owns 4,126 shares of the ride-sharing company’s stock worth $249,000 after purchasing an additional 839 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER opened at $74.76 on Friday. The firm has a fifty day moving average of $65.34 and a 200-day moving average of $70.12. The company has a market cap of $157.43 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. 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.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UBER shares. UBS Group reduced their price objective on Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Tigress Financial boosted their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Loop Capital raised their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $90.70.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.84% of the company’s stock.

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.