Sepio Capital LP Decreases Position in Uber Technologies, Inc. (NYSE:UBER)

Sepio Capital LP trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,396 shares of the ride-sharing company’s stock after selling 1,360 shares during the quarter. Sepio Capital LP’s holdings in Uber Technologies were worth $567,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UBER. Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC lifted its stake 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 last quarter. Boston Partners acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $381,057,000. Assenagon Asset Management S.A. grew its position in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock worth $398,809,000 after acquiring an additional 5,753,637 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies in the 4th quarter valued at $166,072,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UBER shares. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.41.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 7.7 %

UBER stock opened at $64.50 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market capitalization of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The company’s 50 day simple moving average is $73.75 and its 200-day simple moving average is $71.74.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share 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.