Chicago Partners Investment Group LLC Cuts Stake in Uber Technologies, Inc. (NYSE:UBER)

Chicago Partners Investment Group LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,546 shares of the ride-sharing company’s stock after selling 328 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Uber Technologies were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $625,000. GLOBALT Investments LLC GA acquired a new position in Uber Technologies in the 4th quarter valued at about $2,184,000. Prospect Financial Services LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $472,000. Winslow Asset Management Inc. boosted its holdings in Uber Technologies by 0.5% in the 4th quarter. Winslow Asset Management Inc. now owns 156,358 shares of the ride-sharing company’s stock valued at $9,627,000 after purchasing an additional 840 shares during the last quarter. Finally, Modera Wealth Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $265,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.6 %

UBER stock opened at $70.49 on Tuesday. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a market capitalization of $147.29 billion, a PE ratio of 113.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $68.38 and a 200-day moving average of $69.17.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same quarter last year, the business posted ($0.08) EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 0.84 EPS for the current year.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UBER. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, May 16th. Bank of America decreased their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Loop Capital decreased their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Thursday, April 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.47.

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.