Altshuler Shaham Ltd Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Altshuler Shaham Ltd decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 62.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,334 shares of the ride-sharing company’s stock after selling 36,666 shares during the period. Altshuler Shaham Ltd’s holdings in Uber Technologies were worth $1,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the period. JFS Wealth Advisors LLC raised its holdings in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 495 shares in the last quarter. CVA Family Office LLC acquired a new stake in Uber Technologies in the fourth quarter valued at about $30,000. Finally, Highlander Capital Management LLC raised its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 2.3 %

Shares of NYSE UBER traded up $1.53 during mid-day trading on Thursday, reaching $67.93. 27,956,039 shares of the company’s stock were exchanged, compared to its average volume of 20,634,590. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $74.80 and a 200 day simple moving average of $65.83. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14. The firm has a market capitalization of $141.39 billion, a price-to-earnings ratio of 78.98, a PEG ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UBER. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Wells Fargo & Company lowered their target price on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America dropped their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. Finally, BMO Capital Markets lifted their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $83.44.

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.