Picton Mahoney Asset Management Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Picton Mahoney Asset Management trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,285 shares of the ride-sharing company’s stock after selling 21,915 shares during the quarter. Picton Mahoney Asset Management’s holdings in Uber Technologies were worth $2,111,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. New York State Teachers Retirement System increased its holdings in shares of Uber Technologies by 70.3% in the third quarter. New York State Teachers Retirement System now owns 40,163 shares of the ride-sharing company’s stock worth $1,847,000 after purchasing an additional 16,576 shares during the period. Advisor Partners II LLC increased its stake in Uber Technologies by 36.9% in the 3rd quarter. Advisor Partners II LLC now owns 34,360 shares of the ride-sharing company’s stock worth $1,580,000 after acquiring an additional 9,258 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Uber Technologies by 19.5% in the 3rd quarter. Park Avenue Securities LLC now owns 83,078 shares of the ride-sharing company’s stock valued at $3,821,000 after acquiring an additional 13,556 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Uber Technologies by 21.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 4,095 shares of the ride-sharing company’s stock valued at $188,000 after acquiring an additional 717 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Uber Technologies by 3.1% during the third quarter. Whittier Trust Co. now owns 16,102 shares of the ride-sharing company’s stock worth $741,000 after purchasing an additional 484 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

UBER stock opened at $66.40 on Thursday. The company has a market cap of $138.20 billion, a P/E ratio of 77.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s fifty day moving average price is $74.80 and its 200-day moving average price is $65.83. Uber Technologies, Inc. has a 1 year low of $37.07 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its 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 net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Tigress Financial raised their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. KeyCorp upped their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Wednesday. The Goldman Sachs Group upped their price objective on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. raised their price objective on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.00.

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.