Quadrant Capital Group LLC Sells 1,465 Shares of Uber Technologies, Inc. (NYSE:UBER)

Quadrant Capital Group LLC reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,412 shares of the ride-sharing company’s stock after selling 1,465 shares during the period. Quadrant Capital Group LLC’s holdings in Uber Technologies were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Ilmarinen Mutual Pension Insurance Co raised its position in shares of Uber Technologies by 97.1% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 345,000 shares of the ride-sharing company’s stock valued at $20,810,000 after buying an additional 170,000 shares during the last quarter. Rahlfs Capital LLC acquired a new position in Uber Technologies in the 4th quarter valued at approximately $210,000. Hurley Capital LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $66,000. Wedbush Securities Inc. grew its holdings in shares of Uber Technologies by 3.8% during the 4th quarter. Wedbush Securities Inc. now owns 39,799 shares of the ride-sharing company’s stock worth $2,401,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Perennial Investment Advisors LLC increased its position in shares of Uber Technologies by 3.3% during the fourth quarter. Perennial Investment Advisors LLC now owns 6,611 shares of the ride-sharing company’s stock valued at $399,000 after purchasing an additional 212 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 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.

Uber Technologies Stock Up 1.5 %

Shares of NYSE UBER opened at $65.60 on Tuesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm’s 50-day moving average is $73.68 and its 200-day moving average is $71.67. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $137.21 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its 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 net margin of 22.41% and a return on equity of 62.60%. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. 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. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Piper Sandler reissued an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Citigroup decreased their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 target price 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.41.

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.