Sugar Maple Asset Management LLC Sells 1,005 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sugar Maple Asset Management LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,021 shares of the ride-sharing company’s stock after selling 1,005 shares during the period. Sugar Maple Asset Management LLC’s holdings in Uber Technologies were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC raised its stake in shares of Uber Technologies by 6.7% during the fourth quarter. Ballentine Partners LLC now owns 20,350 shares of the ride-sharing company’s stock worth $1,228,000 after buying an additional 1,270 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Uber Technologies by 213.1% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 279,177 shares of the ride-sharing company’s stock worth $16,840,000 after buying an additional 190,003 shares during the last quarter. Pure Financial Advisors LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $321,000. Koshinski Asset Management Inc. raised its stake in shares of Uber Technologies by 3.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 7,231 shares of the ride-sharing company’s stock worth $436,000 after buying an additional 237 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Uber Technologies by 71.9% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,720 shares of the ride-sharing company’s stock worth $586,000 after buying an additional 4,067 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. Truist Financial dropped their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Raymond James initiated coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Performance

NYSE UBER opened at $67.30 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $66.16 and its two-hundred day moving average price is $70.33. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.91 EPS 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.