Jackson Square Partners LLC Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Jackson Square Partners LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,473 shares of the ride-sharing company’s stock after selling 5,055 shares during the period. Jackson Square Partners LLC’s holdings in Uber Technologies were worth $5,940,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Avion Wealth increased its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the 4th quarter valued at $28,000. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the 4th quarter worth $35,000. Finally, Kieckhefer Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $33,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $76.54 on Tuesday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market capitalization of $159.90 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business has a 50 day simple moving average of $72.85 and a 200 day simple moving average of $71.63.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. DA Davidson lowered their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

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.