Shaker Investments LLC OH Has $635,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Shaker Investments LLC OH lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 61.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,528 shares of the ride-sharing company’s stock after selling 17,003 shares during the quarter. Shaker Investments LLC OH’s holdings in Uber Technologies were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. raised its position in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Uber Technologies in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the 4th quarter worth about $35,000. Financial Management Professionals Inc. raised its holdings 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 during the last quarter. Finally, Transcendent Capital Group LLC lifted 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 valued at $42,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UBER. Wells Fargo & Company dropped their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Seven 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $78.74 on Tuesday. The company’s 50-day moving average price is $65.34 and its two-hundred day moving average price is $70.17. The firm has a market cap of $165.80 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.81 and a beta of 1.39. 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, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. On average, analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

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.