Joule Financial LLC Sells 1,083 Shares of Uber Technologies, Inc. (NYSE:UBER)

Joule Financial LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,606 shares of the ride-sharing company’s stock after selling 1,083 shares during the quarter. Uber Technologies comprises approximately 0.7% of Joule Financial LLC’s portfolio, making the stock its 18th biggest holding. Joule Financial LLC’s holdings in Uber Technologies were worth $1,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Norges Bank bought a new position in Uber Technologies during the fourth quarter worth about $580,568,000. Altimeter Capital Management LP boosted its position in shares of Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after acquiring an additional 19,260,000 shares during the period. Brown Advisory Inc. boosted its position 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. Davidson Kempner Capital Management LP boosted its position in shares of Uber Technologies by 104.0% in the first quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company’s stock valued at $15,850,000 after acquiring an additional 13,000,000 shares during the period. Finally, Steadfast Capital Management LP bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $178,126,000. Institutional investors own 74.07% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UBER shares. BMO Capital Markets raised their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. KeyCorp raised their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. JMP Securities lifted their target price on shares of Uber Technologies from $76.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.28.

Get Our Latest Stock Analysis on UBER

Uber Technologies Trading Up 2.0 %

Shares of NYSE UBER traded up $1.55 during mid-day trading on Wednesday, hitting $78.63. The stock had a trading volume of 11,478,809 shares, compared to its average volume of 21,158,215. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The business has a 50 day moving average price of $72.67 and a two-hundred day moving average price of $59.11. The firm has a market cap of $163.28 billion, a P/E ratio of 91.43, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the firm earned $0.29 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal year.

Uber Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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