Artemis Investment Management LLP Has $7.11 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Artemis Investment Management LLP trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 33.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,437 shares of the ride-sharing company’s stock after selling 46,261 shares during the period. Artemis Investment Management LLP’s holdings in Uber Technologies were worth $7,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. CVA Family Office LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $30,000. Highlander Capital Management LLC grew its holdings in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $31,000. Blue Bell Private Wealth Management LLC grew its holdings in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $33,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on 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 directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on 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 sale, 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 is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on 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 directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 635,984 shares of company stock worth $42,258,297. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 3.3 %

Shares of UBER stock opened at $72.64 on Friday. The company has a 50 day moving average of $67.90 and a 200-day moving average of $69.73. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The firm has a market cap of $151.78 billion, a P/E ratio of 117.16, a PEG ratio of 1.54 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (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 company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter in the previous year, the business earned ($0.08) EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts anticipate that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Argus increased their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 15th. Loop Capital cut their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, Bank of America cut their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.41.

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.