Objectivity Squared LLC Has $2.47 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Objectivity Squared LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 37.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,452 shares of the ride-sharing company’s stock after selling 22,330 shares during the quarter. Uber Technologies comprises 1.7% of Objectivity Squared LLC’s holdings, making the stock its 15th biggest position. Objectivity Squared LLC’s holdings in Uber Technologies were worth $2,471,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UBER. Daiwa Securities Group Inc. increased its position in Uber Technologies by 55.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 417,293 shares of the ride-sharing company’s stock worth $25,281,000 after acquiring an additional 148,406 shares during the period. Moran Wealth Management LLC grew its position in shares of Uber Technologies by 20.4% during the 4th quarter. Moran Wealth Management LLC now owns 33,685 shares of the ride-sharing company’s stock worth $2,032,000 after purchasing an additional 5,715 shares in the last quarter. NBT Bank N A NY increased its holdings in shares of Uber Technologies by 1.5% during the fourth quarter. NBT Bank N A NY now owns 41,291 shares of the ride-sharing company’s stock worth $2,491,000 after purchasing an additional 613 shares during the period. Simplicity Wealth LLC raised its position in shares of Uber Technologies by 1.4% in the fourth quarter. Simplicity Wealth LLC now owns 29,180 shares of the ride-sharing company’s stock valued at $1,760,000 after buying an additional 409 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Uber Technologies by 1,034.9% in the fourth quarter. AlphaQuest LLC now owns 4,778 shares of the ride-sharing company’s stock valued at $288,000 after buying an additional 4,357 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UBER. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. 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. Finally, UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $90.71.

Uber Technologies Stock Up 1.9 %

Shares of UBER opened at $76.38 on Monday. The stock’s 50-day moving average price is $70.92 and its two-hundred day moving average price is $71.62. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $159.55 billion, a PE ratio of 16.75, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

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.