Guggenheim Capital LLC Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Guggenheim Capital LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,508 shares of the ride-sharing company’s stock after selling 30,566 shares during the quarter. Guggenheim Capital LLC’s holdings in Uber Technologies were worth $4,374,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. M&T Bank Corp increased its holdings in Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock valued at $13,161,000 after purchasing an additional 7,968 shares during the last quarter. Invst LLC lifted its stake in Uber Technologies by 5.0% during the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company’s stock worth $309,000 after acquiring an additional 197 shares in the last quarter. Advisory Resource Group boosted its holdings in Uber Technologies by 1.6% during the 3rd quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company’s stock valued at $1,052,000 after acquiring an additional 222 shares during the period. Virtu Financial LLC acquired a new position in Uber Technologies in the 3rd quarter valued at about $1,328,000. Finally, SkyView Investment Advisors LLC lifted its position in shares of Uber Technologies by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company’s stock worth $2,276,000 after purchasing an additional 875 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 3.0 %

Uber Technologies stock opened at $75.28 on Friday. The stock has a 50 day moving average of $74.06 and a two-hundred day moving average of $71.46. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market capitalization of $157.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. 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 posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, 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 completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business’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 sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. Citigroup decreased their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, April 9th. Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group reissued a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.81.

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.