Overbrook Management Corp Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Overbrook Management Corp cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 443,290 shares of the ride-sharing company’s stock after selling 6,673 shares during the quarter. Uber Technologies accounts for 5.5% of Overbrook Management Corp’s portfolio, making the stock its 3rd biggest holding. Overbrook Management Corp’s holdings in Uber Technologies were worth $27,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its holdings in Uber Technologies by 234.9% during the third quarter. Impact Partnership Wealth LLC now owns 1,333 shares of the ride-sharing company’s stock valued at $61,000 after purchasing an additional 935 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Uber Technologies by 20.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 63,760 shares of the ride-sharing company’s stock worth $2,932,000 after buying an additional 10,699 shares in the last quarter. Private Trust Co. NA lifted its holdings in Uber Technologies by 90.7% during the 3rd quarter. Private Trust Co. NA now owns 11,372 shares of the ride-sharing company’s stock worth $523,000 after buying an additional 5,409 shares in the last quarter. Strategic Blueprint LLC lifted its stake in shares of Uber Technologies by 7.9% in the 3rd quarter. Strategic Blueprint LLC now owns 6,198 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 453 shares during the period. Finally, Caprock Group LLC lifted its stake in shares of Uber Technologies by 47.1% in the 3rd quarter. Caprock Group LLC now owns 14,333 shares of the ride-sharing company’s stock valued at $659,000 after purchasing an additional 4,587 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Roth Mkm increased their price target on Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. UBS Group raised their price objective on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, February 15th. Finally, Argus raised their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Activity at Uber Technologies

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

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.05 during midday trading on Thursday, reaching $69.31. The company’s stock had a trading volume of 19,368,011 shares, compared to its average volume of 19,754,951. The business’s 50 day moving average price is $76.49 and its two-hundred day moving average price is $64.19. The company has a market cap of $144.26 billion, a P/E ratio of 80.59, a P/E/G ratio of 1.12 and a beta of 1.36. 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 fifty-two week low of $29.22 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last announced 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. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Uber Technologies 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.