Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 626,364 shares of the ride-sharing company’s stock after selling 129,104 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Uber Technologies were worth $38,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kieckhefer Group LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. increased its position in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC increased its position in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in Uber Technologies during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, January 27th. Piper Sandler decreased their price target on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, UBS Group decreased their price target on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.89.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $69.71 on Wednesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The business’s fifty day moving average price is $65.49 and its two-hundred day moving average price is $70.09. The firm has a market capitalization of $146.79 billion, a PE ratio of 34.68, a P/E/G ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Uber Technologies Company 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.