Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 37.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,550 shares of the ride-sharing company’s stock after selling 32,968 shares during the period. Uber Technologies makes up 1.0% of Intellectus Partners LLC’s portfolio, making the stock its 24th biggest position. Intellectus Partners LLC’s holdings in Uber Technologies were worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares in the last quarter. Brown Advisory Inc. boosted its holdings 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 worth $721,301,000 after buying an additional 14,386,205 shares during the period. Northern Trust Corp boosted its holdings in shares of Uber Technologies by 2.9% in the third quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after buying an additional 351,575 shares during the period. Winslow Capital Management LLC boosted 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 buying an additional 2,278,252 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Uber Technologies in the third quarter worth about $272,625,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on UBER shares. The Goldman Sachs Group raised their target price 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. JMP Securities restated a “market outperform” rating and set a $85.00 price target on shares of Uber Technologies in a report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Friday, April 5th. Barclays raised their price target on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

Insiders Place Their Bets

In other 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the 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 transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value 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 disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.4 %

NYSE:UBER traded down $0.26 on Friday, hitting $69.05. 16,187,639 shares of the stock were exchanged, compared to its average volume of 17,118,054. The stock has a market capitalization of $143.72 billion, a price-to-earnings ratio of 80.29, a P/E/G ratio of 1.09 and a beta of 1.36. Uber Technologies, Inc. has a 52 week low of $29.22 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company’s 50-day moving average price is $76.30 and its 200 day moving average price is $64.48.

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

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.