Uber Technologies, Inc. (NYSE:UBER) Holdings Cut by Isomer Partners LP

Isomer Partners LP lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,000 shares of the ride-sharing company’s stock after selling 25,000 shares during the quarter. Uber Technologies accounts for 28.6% of Isomer Partners LP’s investment portfolio, making the stock its 2nd biggest position. Isomer Partners LP’s holdings in Uber Technologies were worth $21,270,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. WP Advisors LLC raised its position in shares of Uber Technologies by 8.7% during the 4th quarter. WP Advisors LLC now owns 14,410 shares of the ride-sharing company’s stock valued at $869,000 after buying an additional 1,150 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $91,000. Legacy Capital Group California Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $897,000. Bray Capital Advisors raised its position in shares of Uber Technologies by 1.0% during the 4th quarter. Bray Capital Advisors now owns 31,879 shares of the ride-sharing company’s stock valued at $1,923,000 after buying an additional 308 shares in the last quarter. Finally, ING Groep NV raised its position in shares of Uber Technologies by 1.0% during the 4th quarter. ING Groep NV now owns 329,337 shares of the ride-sharing company’s stock valued at $19,866,000 after buying an additional 3,260 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.3 %

Shares of UBER opened at $81.37 on Friday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm 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. The firm’s 50-day moving average price is $67.67 and its 200-day moving average price is $71.11. 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 (NYSE:UBER) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a “hold” rating in a report on Tuesday. Evercore ISI reduced their target price 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, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Eight 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.91.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

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.