Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Scholtz & Company LLC

Scholtz & Company LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 18.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 68,024 shares of the ride-sharing company’s stock after selling 15,211 shares during the period. Uber Technologies accounts for approximately 2.0% of Scholtz & Company LLC’s portfolio, making the stock its 18th biggest position. Scholtz & Company LLC’s holdings in Uber Technologies were worth $4,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky increased its position in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares during the period. Polianta Ltd acquired a new stake in Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP grew its stake in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the third quarter valued at approximately $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $3,188,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, DA Davidson cut their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Trading Up 0.2 %

Shares of UBER opened at $73.03 on Wednesday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock’s 50-day moving average is $73.66 and its two-hundred day moving average is $71.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market cap of $152.77 billion, a PE ratio of 16.02, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on 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 sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. Corporate insiders own 3.84% of the company’s stock.

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.