AdvisorNet Financial Inc lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 56.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,846 shares of the ride-sharing company's stock after selling 3,635 shares during the quarter. AdvisorNet Financial Inc's holdings in Uber Technologies were worth $70,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in UBER. Altimeter Capital Management LP raised its stake in Uber Technologies by 167.5% during the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company's stock worth $1,193,422,000 after buying an additional 19,260,000 shares during the period. Tiger Global Management LLC raised its stake in Uber Technologies by 1,501.7% during the 3rd quarter. Tiger Global Management LLC now owns 9,923,073 shares of the ride-sharing company's stock worth $262,961,000 after buying an additional 9,303,523 shares during the period. Coatue Management LLC raised its stake in Uber Technologies by 63.3% during the 3rd quarter. Coatue Management LLC now owns 16,628,166 shares of the ride-sharing company's stock worth $440,646,000 after buying an additional 6,444,266 shares during the period. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,536,758 shares of the ride-sharing company's stock valued at $2,929,224,000 after purchasing an additional 6,148,269 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at about $144,924,000. Institutional investors and hedge funds own 71.83% of the company's stock.
Get Uber Technologies alerts:Uber Technologies Price Performance
Shares of UBER opened at $30.62 on Tuesday. Uber Technologies, Inc. has a one year low of $19.90 and a one year high of $37.58. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day simple moving average of $32.64 and a two-hundred day simple moving average of $29.49.
Uber Technologies (NYSE:UBER – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.50. Uber Technologies had a negative net margin of 28.68% and a negative return on equity of 114.18%. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company's revenue was up 49.0% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post -0.26 EPS for the current year.
Insiders Place Their Bets
In other Uber Technologies news, insider Tony West sold 4,167 shares of the business's stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $32.00, for a total transaction of $133,344.00. Following the sale, the insider now owns 166,499 shares of the company's stock, valued at $5,327,968. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.92% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Cowen dropped their price target on Uber Technologies from $70.00 to $66.00 in a research note on Thursday, January 26th. Royal Bank of Canada set a $46.00 price objective on Uber Technologies and gave the company an "outperform" rating in a report on Wednesday, February 8th. Wells Fargo & Company raised their price objective on Uber Technologies from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, February 9th. The Goldman Sachs Group lifted their price target on Uber Technologies from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, February 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Uber Technologies from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, March 15th. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $47.19.
Uber Technologies Company Profile
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Uber Technologies, Inc is a technology platform, which engages in the development and operation of technology applications, network, and product to power movement from point A to point B. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services.
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