Victory Capital Management Inc. Sells 307,289 Shares of Uber Technologies, Inc. (NYSE:UBER)

Victory Capital Management Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,267,531 shares of the ride-sharing company’s stock after selling 307,289 shares during the quarter. Victory Capital Management Inc.’s holdings in Uber Technologies were worth $78,042,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Highlander Capital Management LLC boosted its position in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the period. Treasurer of the State of North Carolina boosted its holdings 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 worth $40,360,000 after purchasing an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA grew its stake in shares of Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after purchasing an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $1,112,000. Finally, Fifth Third Bancorp raised its position in Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was 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 in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several research analyst reports. Bank of America boosted their target price on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Oppenheimer restated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday, April 29th. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Thursday, April 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.65.

Uber Technologies Trading Up 1.0 %

Shares of NYSE:UBER opened at $69.23 on Friday. Uber Technologies, Inc. has a 1 year low of $36.69 and a 1 year high of $82.14. The stock’s fifty day moving average price is $75.33 and its 200-day moving average price is $65.13. The company has a market cap of $144.09 billion, a P/E ratio of 80.50, a PEG ratio of 1.08 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 1.23 earnings per share for the current 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.