Regatta Capital Group LLC Cuts Stake in Uber Technologies, Inc. (NYSE:UBER)

Regatta Capital Group LLC cut its position in Uber Technologies, Inc. (NYSE:UBER) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,236 shares of the ride-sharing company’s stock after selling 611 shares during the period. Regatta Capital Group LLC’s holdings in Uber Technologies were worth $316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avaii Wealth Management LLC raised its holdings in Uber Technologies by 45.6% in the 4th quarter. Avaii Wealth Management LLC now owns 6,663 shares of the ride-sharing company’s stock worth $402,000 after acquiring an additional 2,088 shares during the last quarter. Consolidated Investment Group LLC increased its holdings in shares of Uber Technologies by 80.7% in the 4th quarter. Consolidated Investment Group LLC now owns 68,300 shares of the ride-sharing company’s stock worth $4,120,000 after purchasing an additional 30,500 shares in the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Uber Technologies by 94.8% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 4,417 shares of the ride-sharing company’s stock worth $266,000 after purchasing an additional 2,150 shares during the last quarter. Asio Capital LLC lifted its holdings in shares of Uber Technologies by 2.5% during the fourth quarter. Asio Capital LLC now owns 106,764 shares of the ride-sharing company’s stock valued at $6,440,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Echo Wealth Management LLC boosted its position in shares of Uber Technologies by 10.5% during the fourth quarter. Echo Wealth Management LLC now owns 12,595 shares of the ride-sharing company’s stock valued at $760,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Finally, Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Trading Up 0.4 %

Shares of UBER stock opened at $68.59 on Friday. The stock’s 50-day moving average price is $65.86 and its 200-day moving average price is $70.25. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market capitalization of $144.42 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.84% of the stock is owned by company insiders.

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.