TCW Group Inc. Has $1.78 Million Position in Uber Technologies, Inc. (NYSE:UBER)

TCW Group Inc. lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,504 shares of the ride-sharing company’s stock after selling 12,102 shares during the period. TCW Group Inc.’s holdings in Uber Technologies were worth $1,780,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC acquired a new position in Uber Technologies in the third quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its holdings in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new position in Uber Technologies in the third quarter worth approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies in the fourth quarter worth approximately $1,206,000. Finally, Allworth Financial LP increased its holdings in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 3.2 %

Shares of NYSE UBER opened at $76.34 on Tuesday. The stock has a market cap of $159.46 billion, a PE ratio of 16.74, a PEG ratio of 0.89 and a beta of 1.39. The business has a fifty day moving average of $68.05 and a two-hundred day moving average of $71.34. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Loop Capital increased their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.94.

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.