Uber Technologies, Inc. (NYSE:UBER) Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,719 shares of the ride-sharing company’s stock after selling 2,743 shares during the period. SevenBridge Financial Group LLC’s holdings in Uber Technologies were worth $3,964,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 0.2 %

Shares of UBER opened at $73.03 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company’s fifty day moving average is $73.66 and its two-hundred day moving average is $71.80. The firm has a market cap of $152.77 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly 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 return on equity of 62.60% and a net margin of 22.41%. Analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UBER shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. JPMorgan Chase & Co. decreased 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, February 6th. Finally, DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

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.