Venator Management LLC Sells 25,900 Shares of Uber Technologies, Inc. (NYSE:UBER)

Venator Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 416,850 shares of the ride-sharing company’s stock after selling 25,900 shares during the period. Uber Technologies makes up approximately 7.2% of Venator Management LLC’s holdings, making the stock its 8th largest position. Venator Management LLC’s holdings in Uber Technologies were worth $25,144,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UBER. Welch & Forbes LLC lifted its stake in shares of Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after buying an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its position in shares of Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after acquiring an additional 150 shares during the period. Drive Wealth Management LLC grew its holdings in shares of Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after purchasing an additional 155 shares in the last quarter. Institute for Wealth Management LLC. increased its position in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD raised its stake 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 valued at $40,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.9 %

Uber Technologies stock opened at $72.71 on Monday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. 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 firm has a market capitalization of $152.09 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.39. The company’s 50 day simple moving average is $73.44 and its 200 day simple moving average is $71.76.

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 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%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. 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 research note on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Ten 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The shares were 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 $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last three months. Company 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.