Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 39.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,595 shares of the ride-sharing company’s stock after selling 13,690 shares during the period. Picton Mahoney Asset Management’s holdings in Uber Technologies were worth $1,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Highlander Capital Management LLC increased its stake in shares of Uber Technologies by 100.0% during the 4th 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 in the last quarter. PFG Investments LLC raised its position in shares of Uber Technologies by 374.6% during the 1st quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock worth $4,885,000 after purchasing an additional 50,080 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of Uber Technologies by 73.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after purchasing an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,112,000. Finally, Fifth Third Bancorp raised its position in shares of Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock worth $4,242,000 after purchasing an additional 24,247 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.6 %

Uber Technologies stock traded up $1.05 during trading on Friday, reaching $67.31. 12,791,613 shares of the company’s stock were exchanged, compared to its average volume of 18,996,820. The company’s 50-day moving average is $68.54 and its two-hundred day moving average is $70.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm has a market cap of $140.65 billion, a price-to-earnings ratio of 108.06, a PEG ratio of 1.50 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period last year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock valued at $78,213,297 in the last ninety days. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several research reports. Tigress Financial lifted their price objective on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Loop Capital cut their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Oppenheimer restated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Roth Mkm reiterated a “buy” rating and issued a $89.00 price target (down from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Finally, 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. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $85.44.

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.