NTV Asset Management LLC Trims Stock Position in Uber Technologies, Inc. (NYSE:UBER)

NTV Asset Management LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 76.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the ride-sharing company’s stock after selling 11,325 shares during the period. NTV Asset Management LLC’s holdings in Uber Technologies were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new position in Uber Technologies during the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE increased its position in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares during the period. JFS Wealth Advisors LLC increased its position in Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 495 shares during the period. CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $30,000. Finally, Highlander Capital Management LLC increased 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 worth $31,000 after purchasing an additional 250 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. Wells Fargo & Company upped their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Roth Mkm upped their price target on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Argus upped their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Susquehanna upped their target price on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Mizuho upped their target price on Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.65.

Uber Technologies Stock Up 1.0 %

UBER traded up $0.66 during trading on Friday, hitting $69.23. The company had a trading volume of 15,557,671 shares, compared to its average volume of 18,839,496. The company has a market cap of $144.09 billion, a PE ratio of 80.50, a P/E/G ratio of 1.09 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, Inc. has a 1-year low of $36.69 and a 1-year high of $82.14. The business has a 50-day moving average of $75.33 and a 200-day moving average of $65.43.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate 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 net margin of 5.06% and a return on equity of 18.95%. During the same quarter last year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were 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 owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.