CenterBook Partners LP Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

CenterBook Partners LP lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 60.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,365 shares of the ride-sharing company’s stock after selling 193,318 shares during the quarter. CenterBook Partners LP’s holdings in Uber Technologies were worth $9,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Transce3nd LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the 1st quarter worth $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.70% of the stock is owned by company insiders.

Uber Technologies Trading Down 1.1%

Uber Technologies stock opened at $95.36 on Monday. The stock has a 50-day moving average price of $88.47 and a 200 day moving average price of $77.75. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The stock has a market cap of $199.41 billion, a PE ratio of 16.70, a P/E/G ratio of 1.21 and a beta of 1.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UBER shares. KeyCorp increased their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Wedbush lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, Needham & Company LLC increased their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday. Thirteen research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.26.

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.