Intermede Investment Partners Ltd Sells 29,506 Shares of Uber Technologies, Inc. (NYSE:UBER)

Intermede Investment Partners Ltd lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,041,646 shares of the ride-sharing company’s stock after selling 29,506 shares during the quarter. Uber Technologies comprises 3.3% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 14th largest holding. Intermede Investment Partners Ltd’s holdings in Uber Technologies were worth $123,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the 4th quarter valued at approximately $35,000. Finally, Fairfield Financial Advisors LTD raised its holdings in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after acquiring an additional 170 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 0.9 %

UBER opened at $71.29 on Thursday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $71.59 and its 200-day moving average price is $71.59. The company has a market cap of $148.92 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UBER. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

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.