Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 60.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wellington Shields Capital Management LLC boosted its position in shares of Uber Technologies by 11.6% in the fourth quarter. Wellington Shields Capital Management LLC now owns 2,943 shares of the ride-sharing company’s stock worth $178,000 after acquiring an additional 306 shares during the last quarter. LBP AM SA boosted its position in shares of Uber Technologies by 719.6% in the fourth quarter. LBP AM SA now owns 1,113,907 shares of the ride-sharing company’s stock worth $67,191,000 after acquiring an additional 978,001 shares during the last quarter. Impact Capital Partners LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth approximately $366,000. Ithaka Group LLC raised its holdings in Uber Technologies by 17.2% in the fourth 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 during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Uber Technologies by 27.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 737,801 shares of the ride-sharing company’s stock valued at $44,504,000 after buying an additional 159,886 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UBER shares. Piper Sandler restated an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Down 2.6 %

Shares of NYSE:UBER opened at $69.37 on Friday. The firm has a market cap of $144.91 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a fifty day simple moving average of $71.71 and a 200 day simple moving average of $71.57. 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, 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 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.