Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 36.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,227 shares of the ride-sharing company’s stock after selling 6,366 shares during the quarter. Blueshift Asset Management LLC’s holdings in Uber Technologies were worth $677,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UBER. Avion Wealth grew 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 worth $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth about $35,000. Finally, Fairfield Financial Advisors LTD boosted its holdings in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UBER shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Trading Up 1.8 %

Shares of UBER stock opened at $74.33 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $72.44 and its 200 day simple moving average is $71.57. The firm has a market capitalization of $155.27 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued 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 net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,404 shares of company stock worth $5,587,619. Corporate insiders own 3.84% of the company’s stock.

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.