MV Capital Management Inc. Sells 556 Shares of Uber Technologies, Inc. (NYSE:UBER)

MV Capital Management Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 55.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 438 shares of the ride-sharing company’s stock after selling 556 shares during the quarter. MV Capital Management Inc.’s holdings in Uber Technologies were worth $26,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Townsquare Capital LLC boosted its position in Uber Technologies by 40.8% during the 3rd quarter. Townsquare Capital LLC now owns 28,093 shares of the ride-sharing company’s stock valued at $2,111,000 after buying an additional 8,135 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Uber Technologies by 29.5% during the third quarter. Glenmede Trust Co. NA now owns 24,941 shares of the ride-sharing company’s stock worth $1,875,000 after purchasing an additional 5,684 shares during the period. Fiduciary Trust Co grew its stake in shares of Uber Technologies by 7.2% in the third quarter. Fiduciary Trust Co now owns 4,730 shares of the ride-sharing company’s stock worth $356,000 after purchasing an additional 319 shares during the last quarter. Financial Counselors Inc. purchased a new position in Uber Technologies during the 3rd quarter valued at about $581,000. Finally, Hantz Financial Services Inc. raised its position in Uber Technologies by 4.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 57,823 shares of the ride-sharing company’s stock valued at $4,346,000 after purchasing an additional 2,551 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.9 %

UBER opened at $72.71 on Friday. The stock has a market capitalization of $151.89 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.89 and a beta of 1.39. The firm has a 50 day moving average price of $73.44 and a 200-day moving average price of $71.75. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. KGI Securities reaffirmed a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

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.