Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,555 shares of the ride-sharing company’s stock after selling 6,172 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Uber Technologies were worth $10,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Kingsview Wealth Management LLC raised its holdings in Uber Technologies by 18.4% during the third quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock worth $1,231,000 after purchasing an additional 2,546 shares in the last quarter. Larson Financial Group LLC lifted its position in Uber Technologies by 38.1% in the third quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company’s stock valued at $247,000 after acquiring an additional 906 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Uber Technologies by 178.1% in the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock valued at $272,000 after acquiring an additional 2,314 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of Uber Technologies during the third quarter worth about $749,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Uber Technologies by 0.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company’s stock worth $98,168,000 after purchasing an additional 11,190 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. KGI Securities reissued a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Insider Activity

In related news, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $74.18 on Thursday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a market cap of $154.95 billion, a PE ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $73.21 and its 200-day simple moving average is $71.69.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.