Sapient Capital LLC Sells 2,087 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sapient Capital LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,880 shares of the ride-sharing company’s stock after selling 2,087 shares during the period. Sapient Capital LLC’s holdings in Uber Technologies were worth $2,044,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UBER. AMF Tjanstepension AB bought a new stake in shares of Uber Technologies in the third quarter worth $163,468,000. Carnegie Investment Counsel acquired a new position in Uber Technologies in the third quarter valued at $742,000. Exchange Traded Concepts LLC lifted its holdings in Uber Technologies by 395.8% in the third quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after buying an additional 3,918 shares during the period. CHICAGO TRUST Co NA acquired a new position in Uber Technologies in the third quarter valued at $237,000. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Uber Technologies by 7.2% in the third quarter. Redhawk Wealth Advisors Inc. now owns 13,200 shares of the ride-sharing company’s stock valued at $992,000 after buying an additional 892 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UBER shares. Truist Financial dropped their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup dropped their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group dropped their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Trading Down 2.2 %

Shares of UBER stock opened at $76.90 on Wednesday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a 50-day simple moving average of $65.45 and a two-hundred day simple moving average of $70.26. The company has a market capitalization of $161.93 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

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.