Entropy Technologies LP Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Entropy Technologies LP cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 41.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,302 shares of the ride-sharing company’s stock after selling 36,285 shares during the period. Entropy Technologies LP’s holdings in Uber Technologies were worth $3,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empirical Finance LLC lifted its stake in Uber Technologies by 9.6% in the fourth quarter. Empirical Finance LLC now owns 10,035 shares of the ride-sharing company’s stock worth $605,000 after purchasing an additional 875 shares during the last quarter. Empowered Funds LLC lifted its stake in Uber Technologies by 66.0% in the fourth quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company’s stock worth $3,491,000 after purchasing an additional 23,019 shares during the last quarter. Moloney Securities Asset Management LLC lifted its stake in Uber Technologies by 6.8% in the fourth quarter. Moloney Securities Asset Management LLC now owns 26,790 shares of the ride-sharing company’s stock worth $1,616,000 after purchasing an additional 1,711 shares during the last quarter. Hobart Private Capital LLC lifted its stake in Uber Technologies by 25.5% in the fourth quarter. Hobart Private Capital LLC now owns 4,126 shares of the ride-sharing company’s stock worth $249,000 after purchasing an additional 839 shares during the last quarter. Finally, Advisory Resource Group lifted its stake in Uber Technologies by 20.3% in the fourth quarter. Advisory Resource Group now owns 16,829 shares of the ride-sharing company’s stock worth $1,015,000 after purchasing an additional 2,836 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. Evercore ISI lowered their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, DA Davidson lowered their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Stock Up 6.8 %

Shares of UBER opened at $74.76 on Friday. The business’s 50 day moving average is $65.34 and its 200 day moving average is $70.12. The company has a market capitalization of $157.43 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.81 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 current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts expect that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.84% of the stock is currently owned by company insiders.

About Uber Technologies

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.