Indie Asset Partners LLC Has $305,000 Stake in Uber Technologies, Inc. (NYSE:UBER)


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Indie Asset Partners LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,988 shares of the ride-sharing company’s stock after selling 369 shares during the period. Indie Asset Partners LLC’s holdings in Uber Technologies were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $357,000. Lord Abbett & CO. LLC lifted its position in shares of Uber Technologies by 185.7% during the fourth quarter. Lord Abbett & CO. LLC now owns 4,944,122 shares of the ride-sharing company’s stock worth $252,150,000 after purchasing an additional 3,213,815 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Uber Technologies by 37.9% during the fourth quarter. Blair William & Co. IL now owns 834,312 shares of the ride-sharing company’s stock worth $42,550,000 after purchasing an additional 229,501 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $46,244,000. Finally, Equitable Holdings Inc. raised its stake in shares of Uber Technologies by 320.7% during the fourth quarter. Equitable Holdings Inc. now owns 26,551 shares of the ride-sharing company’s stock worth $1,354,000 after buying an additional 20,240 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

UBER traded down $1.26 during trading hours on Tuesday, hitting $54.05. 797,512 shares of the company’s stock were exchanged, compared to its average volume of 23,594,514. Uber Technologies, Inc. has a 1-year low of $13.71 and a 1-year high of $64.05. The stock’s 50-day moving average is $56.21 and its two-hundred day moving average is $44.75. The stock has a market cap of $95.33 billion, a price-to-earnings ratio of -13.90 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.69.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 10th. The ride-sharing company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.01). Uber Technologies had a negative return on equity of 43.27% and a negative net margin of 53.12%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.56 billion. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.64) EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post -3.86 EPS for the current year.

UBER has been the subject of a number of recent research reports. Canaccord Genuity boosted their price target on shares of Uber Technologies from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Smith Barney Citigroup boosted their price target on shares of Uber Technologies from $40.00 to $60.00 in a research note on Thursday, December 3rd. Wedbush boosted their price target on shares of Uber Technologies from $60.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Susquehanna Bancshares boosted their price target on shares of Uber Technologies from $45.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 11th. Finally, BTIG Research boosted their price target on shares of Uber Technologies from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Uber Technologies currently has a consensus rating of “Buy” and a consensus price target of $60.21.

In other Uber Technologies news, major shareholder Cayman 2 Ltd. Sb sold 38,000,000 shares of the stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $53.46, for a total value of $2,031,480,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 20,756 shares of the stock in a transaction on Friday, February 12th. The shares were sold at an average price of $60.12, for a total transaction of $1,247,850.72. Following the completion of the sale, the insider now owns 147,709 shares of the company’s stock, valued at approximately $8,880,265.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,387,756 shares of company stock valued at $2,052,603,891. Corporate insiders own 8.66% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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