Aster Capital Management DIFC Ltd Sells 363 Shares of Uber Technologies, Inc. (NYSE:UBER)

Aster Capital Management DIFC Ltd decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,174 shares of the ride-sharing company’s stock after selling 363 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Uber Technologies were worth $131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Welch & Forbes LLC raised its position 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 purchasing an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after acquiring an additional 150 shares during the period. Drive Wealth Management LLC lifted its position in shares of Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after acquiring an additional 155 shares in the last quarter. Institute for Wealth Management LLC. boosted its holdings in shares of Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD grew its position 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. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value 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 trade represents a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 in the last 90 days. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 1.5 %

Shares of Uber Technologies stock opened at $64.69 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company’s 50 day moving average price is $73.57 and its 200-day moving average price is $71.56. The stock has a market capitalization of $135.31 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.89 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBER. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

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.