Altshuler Shaham Ltd Sells 36,666 Shares of Uber Technologies, Inc. (NYSE:UBER)

Altshuler Shaham Ltd reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 62.1% in the fourth quarter, Holdings Channel reports. The firm owned 22,334 shares of the ride-sharing company’s stock after selling 36,666 shares during the quarter. Altshuler Shaham Ltd’s holdings in Uber Technologies were worth $1,375,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. CVA Family Office LLC bought a new stake in Uber Technologies in the 4th quarter worth about $30,000. Highlander Capital Management LLC boosted its holdings 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 purchasing an additional 250 shares during the last quarter. Bfsg LLC purchased a new stake in Uber Technologies during the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in Uber Technologies by 82.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after acquiring an additional 262 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 2.3 %

Shares of UBER stock traded up $1.53 during trading on Thursday, reaching $67.93. The company’s stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. Uber Technologies, Inc. has a 1-year low of $37.07 and a 1-year high of $82.14. The stock’s 50-day moving average price is $74.80 and its 200 day moving average price is $65.83. The company has a market capitalization of $141.39 billion, a price-to-earnings ratio of 78.98, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

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

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 20,000 shares of the company’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 in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s 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 completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial boosted their price target on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Bank of America cut their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. KeyCorp boosted their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Tigress Financial raised their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Roth Mkm increased their price objective on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.44.

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.