Vontobel Holding Ltd. Sells 88,430 Shares of Uber Technologies, Inc. (NYSE:UBER)

Vontobel Holding Ltd. decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,042 shares of the ride-sharing company’s stock after selling 88,430 shares during the period. Vontobel Holding Ltd.’s holdings in Uber Technologies were worth $20,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at $1,112,000. Finally, Fifth Third Bancorp raised its stake in shares of Uber Technologies by 54.3% during the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of analyst reports. Roth Mkm lifted their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Mizuho lifted their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Gordon Haskett downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research note on Wednesday, January 24th. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, UBS Group lifted their price target on shares of Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $78.21.

Uber Technologies Stock Performance

Uber Technologies stock opened at $73.40 on Tuesday. The firm’s 50 day simple moving average is $76.83 and its 200 day simple moving average is $63.03. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $152.77 billion, a PE ratio of 85.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 1.2 earnings per share for the current fiscal year.

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.