Zevenbergen Capital Investments LLC Sells 317,263 Shares of Uber Technologies, Inc. (NYSE:UBER)

Zevenbergen Capital Investments LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 11.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,577,351 shares of the ride-sharing company’s stock after selling 317,263 shares during the period. Uber Technologies comprises about 3.7% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 8th biggest holding. Zevenbergen Capital Investments LLC owned 0.13% of Uber Technologies worth $158,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares during the period. Northern Trust Corp grew its holdings in shares of Uber Technologies by 2.9% during the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock valued at $568,254,000 after acquiring an additional 351,575 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Uber Technologies by 75.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock valued at $631,484,000 after acquiring an additional 4,402,382 shares in the last quarter. Winslow Capital Management LLC raised its holdings in shares of Uber Technologies by 33.6% during the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after acquiring an additional 2,278,252 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Uber Technologies by 34.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,979,474 shares of the ride-sharing company’s stock valued at $491,296,000 after purchasing an additional 2,051,548 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 0.6 %

Shares of UBER traded down $0.38 on Friday, hitting $65.67. The company’s stock had a trading volume of 15,703,320 shares, compared to its average volume of 24,259,194. The firm’s fifty day moving average price is $72.94 and its 200-day moving average price is $66.84. Uber Technologies, Inc. has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $137.22 billion, a price-to-earnings ratio of 105.94, a P/E/G ratio of 1.39 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same quarter last year, the company earned ($0.08) EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp upped their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Roth Mkm reiterated a “buy” rating and set a $89.00 target price (down from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Oppenheimer restated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Monday, April 29th. Susquehanna upped their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Wedbush restated an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.38.

Uber Technologies Company 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.