Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Avity Investment Management Inc.

Avity Investment Management Inc. lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 74.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 120,247 shares of the ride-sharing company’s stock after selling 355,287 shares during the quarter. Avity Investment Management Inc.’s holdings in Uber Technologies were worth $7,253,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Brown Brothers Harriman & Co. increased its stake in Uber Technologies by 58.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock worth $94,000 after buying an additional 477 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Uber Technologies by 10.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock valued at $615,220,000 after acquiring an additional 821,508 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Uber Technologies by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock worth $203,401,000 after acquiring an additional 341,312 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of Uber Technologies by 278.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock worth $3,275,000 after acquiring an additional 33,142 shares in the last quarter. Finally, One Capital Management LLC boosted its holdings in Uber Technologies by 26.2% in the second quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock valued at $254,000 after purchasing an additional 725 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on UBER shares. KeyCorp cut their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. UBS Group upped their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, Wells Fargo & Company decreased their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $64.98 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a market capitalization of $136.83 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.75 and a beta of 1.36. The stock’s fifty day simple moving average is $66.58 and its 200 day simple moving average is $70.43.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by 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.