Uber Technologies, Inc. (NYSE:UBER) Stake Decreased by Overbrook Management Corp

Overbrook Management Corp lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,290 shares of the ride-sharing company’s stock after selling 6,673 shares during the quarter. Uber Technologies comprises about 5.5% of Overbrook Management Corp’s portfolio, making the stock its 3rd largest position. Overbrook Management Corp’s holdings in Uber Technologies were worth $27,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Brown Advisory Inc. raised its stake in shares of Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after acquiring an additional 14,386,205 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Uber Technologies in the third quarter worth about $272,625,000. Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies in the third quarter worth about $187,111,000. Winslow Capital Management LLC grew its holdings in shares of Uber Technologies by 33.6% in the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after purchasing an additional 2,278,252 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.05 during trading on Thursday, hitting $69.31. 19,368,011 shares of the stock traded hands, compared to its average volume of 19,754,951. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market cap of $144.26 billion, a price-to-earnings ratio of 80.59, a P/E/G ratio of 1.12 and a beta of 1.36. The company has a fifty day moving average price of $76.49 and a two-hundred day moving average price of $64.19. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Friday, April 5th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. BMO Capital Markets upped their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday, March 28th. Finally, Gordon Haskett downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Company 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.