Uber Technologies, Inc. (NYSE:UBER) Position Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,936 shares of the ride-sharing company’s stock after selling 2,269 shares during the period. Sentry Investment Management LLC’s holdings in Uber Technologies were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UBER. Trifecta Capital Advisors LLC boosted its position in Uber Technologies by 5.2% during the fourth quarter. Trifecta Capital Advisors LLC now owns 86,185 shares of the ride-sharing company’s stock valued at $5,199,000 after purchasing an additional 4,245 shares during the last quarter. Mengis Capital Management Inc. raised its stake in shares of Uber Technologies by 5.2% during the 4th quarter. Mengis Capital Management Inc. now owns 30,195 shares of the ride-sharing company’s stock worth $1,821,000 after purchasing an additional 1,500 shares in the last quarter. Holistic Financial Partners lifted its holdings in shares of Uber Technologies by 8.5% during the 4th quarter. Holistic Financial Partners now owns 3,636 shares of the ride-sharing company’s stock valued at $219,000 after buying an additional 285 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Uber Technologies by 35.7% in the 4th quarter. IFP Advisors Inc now owns 34,477 shares of the ride-sharing company’s stock valued at $2,080,000 after buying an additional 9,061 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC acquired a new position in Uber Technologies in the fourth quarter worth approximately $4,495,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 3.2 %

Shares of Uber Technologies stock opened at $76.34 on Tuesday. The stock has a market capitalization of $159.46 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-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. The company has a 50-day simple moving average of $68.05 and a 200 day simple moving average of $71.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UBER shares. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Tigress Financial increased their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. cut their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.94.

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.