Thames Capital Management LLC Cuts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Thames Capital Management LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 182,576 shares of the ride-sharing company’s stock after selling 8,110 shares during the period. Uber Technologies makes up 3.0% of Thames Capital Management LLC’s portfolio, making the stock its 15th biggest position. Thames Capital Management LLC’s holdings in Uber Technologies were worth $11,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Uber Technologies by 137.2% during the 3rd quarter. Quarry LP now owns 1,499 shares of the ride-sharing company’s stock valued at $113,000 after buying an additional 867 shares during the period. Weiss Asset Management LP acquired a new stake in Uber Technologies in the third quarter valued at approximately $6,586,000. Kovitz Investment Group Partners LLC raised its stake in shares of Uber Technologies by 28.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 61,044 shares of the ride-sharing company’s stock valued at $4,588,000 after purchasing an additional 13,517 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Uber Technologies by 10.9% during the third quarter. EP Wealth Advisors LLC now owns 87,650 shares of the ride-sharing company’s stock worth $6,588,000 after purchasing an additional 8,580 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of Uber Technologies by 15.8% in the third quarter. iA Global Asset Management Inc. now owns 203,193 shares of the ride-sharing company’s stock valued at $15,272,000 after purchasing an additional 27,743 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’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 sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. 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 company’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 transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 7.7 %

Shares of NYSE:UBER opened at $64.50 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $73.75 and its 200 day moving average price is $71.75. The company has a market cap of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. KGI Securities reiterated a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Ten research 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 company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.41.

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.