Stevens Capital Management LP Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Stevens Capital Management LP lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,778 shares of the ride-sharing company’s stock after selling 7,262 shares during the period. Stevens Capital Management LP’s holdings in Uber Technologies were worth $529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after acquiring an additional 893,652 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Uber Technologies by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company’s stock worth $800,637,000 after acquiring an additional 774,956 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after acquiring an additional 5,753,637 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 114,241 shares in the company, valued at $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 90 days, insiders have sold 74,404 shares of company stock worth $5,587,619. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $75.94 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market capitalization of $158.65 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.89 and a beta of 1.39. The company’s 50-day simple moving average is $72.64 and its two-hundred day simple moving average is $71.59. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week 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 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, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UBER. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Ten 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 stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price 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.