Kestra Investment Management LLC Sells 3,654 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kestra Investment Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 70.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,567 shares of the ride-sharing company’s stock after selling 3,654 shares during the quarter. Kestra Investment Management LLC’s holdings in Uber Technologies were worth $95,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after purchasing an additional 893,652 shares during the period. Edgewood Management LLC lifted its holdings in Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the period. Jennison Associates LLC lifted its holdings in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares during the period. Janus Henderson Group PLC lifted its holdings in Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after buying an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after buying an additional 1,601,747 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.3 %

Shares of UBER stock opened at $81.37 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a 50-day simple moving average of $67.67 and a two-hundred day simple moving average of $71.11. The company has a market capitalization of $169.97 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBER. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup dropped their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group dropped their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.91.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

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.