Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its position in Uber Technologies, Inc. (NYSE:UBER) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,776 shares of the ride-sharing company’s stock after selling 735 shares during the quarter. Kintegral Advisory LLC’s holdings in Uber Technologies were worth $952,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Assenagon Asset Management S.A. raised its position in Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in Uber Technologies in the 4th quarter valued at $166,072,000. Edgewood Management LLC boosted its stake in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in Uber Technologies during the 3rd quarter worth $163,468,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Evercore ISI reduced their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.94.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s 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 completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $78.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $68.05 and its 200 day moving average price is $71.25. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market cap of $164.79 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.