Pine Valley Investments Ltd Liability Co Sells 426 Shares of Uber Technologies, Inc. (NYSE:UBER)

Pine Valley Investments Ltd Liability Co lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,158 shares of the ride-sharing company’s stock after selling 426 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Uber Technologies were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Holistic Financial Partners increased its stake in Uber Technologies by 8.5% during the 4th quarter. Holistic Financial Partners now owns 3,636 shares of the ride-sharing company’s stock worth $219,000 after acquiring an additional 285 shares during the period. IFP Advisors Inc increased its stake in Uber Technologies by 35.7% during the 4th quarter. IFP Advisors Inc now owns 34,477 shares of the ride-sharing company’s stock worth $2,080,000 after acquiring an additional 9,061 shares during the period. Hardman Johnston Global Advisors LLC bought a new position in Uber Technologies during the 4th quarter worth $4,495,000. Dover Advisors LLC increased its stake in Uber Technologies by 28.7% during the 4th quarter. Dover Advisors LLC now owns 21,917 shares of the ride-sharing company’s stock worth $1,322,000 after acquiring an additional 4,887 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Uber Technologies during the 4th quarter worth $3,629,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UBER shares. Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Eight 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies Stock Up 1.2 %

Shares of NYSE:UBER opened at $75.85 on Thursday. The company has a market capitalization of $158.46 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business’s 50-day moving average is $68.94 and its 200-day moving average is $71.47. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last announced 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%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.