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

Highland Capital Management LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,065 shares of the ride-sharing company’s stock after selling 22,694 shares during the period. Highland Capital Management LLC’s holdings in Uber Technologies were worth $10,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. CVA Family Office LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $30,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Uber Technologies in the third quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Uber Technologies in the third quarter valued at about $28,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of Uber Technologies by 319.4% in the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 495 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 0.3 %

Shares of NYSE:UBER opened at $78.11 on Thursday. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The stock has a market cap of $162.20 billion, a P/E ratio of 90.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. The business’s 50 day moving average is $74.26 and its 200 day moving average is $60.24. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The company 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%. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 1.19 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the insider now 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. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBER. Bank of America boosted their target price on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer boosted their target price on Uber Technologies from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. 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. Truist Financial boosted their price objective on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.41.

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.