Los Angeles Capital Management LLC Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Los Angeles Capital Management LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 10.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,057,358 shares of the ride-sharing company’s stock after selling 117,468 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Uber Technologies were worth $65,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. grew its holdings in Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Uber Technologies during the third quarter worth $272,625,000. Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies during the third quarter valued at $187,111,000. Winslow Capital Management LLC grew its position in shares of Uber Technologies by 33.6% in the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after purchasing an additional 2,278,252 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Uber Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The stock was 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 $13,004,465.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.0 %

Shares of NYSE:UBER traded up $0.66 during trading on Friday, hitting $69.23. 15,516,441 shares of the company were exchanged, compared to its average volume of 19,714,996. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50 day moving average price is $75.33 and its 200-day moving average price is $65.13. The stock has a market capitalization of $144.09 billion, a P/E ratio of 80.50, a PEG ratio of 1.07 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $36.69 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its 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 business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of several research reports. KeyCorp boosted their price objective on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. BTIG Research lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Oppenheimer restated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday. Finally, The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.39.

Uber Technologies 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.