Electron Capital Partners LLC Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Electron Capital Partners LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 865,089 shares of the ride-sharing company’s stock after selling 321,471 shares during the period. Uber Technologies accounts for 2.2% of Electron Capital Partners LLC’s portfolio, making the stock its 17th largest holding. Electron Capital Partners LLC’s holdings in Uber Technologies were worth $53,264,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of UBER. Quintet Private Bank Europe S.A. grew its position in shares of Uber Technologies by 8.1% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 13,329 shares of the ride-sharing company’s stock worth $821,000 after buying an additional 1,000 shares during the last quarter. American International Group Inc. acquired a new position in shares of Uber Technologies in the 4th quarter valued at $33,698,000. EP Wealth Advisors LLC lifted its stake in shares of Uber Technologies by 16.6% in the 4th quarter. EP Wealth Advisors LLC now owns 20,354 shares of the ride-sharing company’s stock valued at $1,253,000 after purchasing an additional 2,904 shares during the period. Integrated Advisors Network LLC increased its holdings in Uber Technologies by 18.6% in the 4th quarter. Integrated Advisors Network LLC now owns 10,375 shares of the ride-sharing company’s stock worth $639,000 after acquiring an additional 1,629 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in Uber Technologies in the 4th quarter worth $625,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.80 during midday trading on Friday, reaching $70.06. The company’s stock had a trading volume of 11,601,130 shares, compared to its average volume of 16,141,174. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. 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 stock’s 50 day simple moving average is $68.47 and its 200 day simple moving average is $68.99. The firm has a market capitalization of $146.39 billion, a PE ratio of 113.00, a P/E/G ratio of 1.54 and a beta of 1.37.

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 analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted ($0.08) EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock valued at $42,258,297 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Oppenheimer reissued an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. TD Cowen reduced their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.47.

Uber Technologies 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.