Alpine Woods Capital Investors LLC Trims Holdings in Uber Technologies, Inc. (NYSE:UBER)

Alpine Woods Capital Investors LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 60.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,624 shares of the ride-sharing company’s stock after selling 45,197 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Uber Technologies were worth $1,787,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Wellington Shields Capital Management LLC increased its stake in Uber Technologies by 11.6% during the 4th quarter. Wellington Shields Capital Management LLC now owns 2,943 shares of the ride-sharing company’s stock worth $178,000 after buying an additional 306 shares during the period. LBP AM SA boosted its holdings in shares of Uber Technologies by 719.6% in the 4th quarter. LBP AM SA now owns 1,113,907 shares of the ride-sharing company’s stock valued at $67,191,000 after buying an additional 978,001 shares in the last quarter. Impact Capital Partners LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $366,000. Ithaka Group LLC boosted its holdings in shares of Uber Technologies by 17.2% in the 4th quarter. Ithaka Group LLC now owns 156,352 shares of the ride-sharing company’s stock valued at $9,431,000 after buying an additional 22,962 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Uber Technologies by 27.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 737,801 shares of the ride-sharing company’s stock worth $44,504,000 after purchasing an additional 159,886 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $69.37 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $71.71 and a two-hundred day moving average price of $71.57. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market capitalization of $144.91 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI cut their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company 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.