Foundations Investment Advisors LLC Sells 12,884 Shares of Uber Technologies, Inc. (NYSE:UBER)

Posted by on Mar 21st, 2023

Foundations Investment Advisors LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 41.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,075 shares of the ride-sharing company’s stock after selling 12,884 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Uber Technologies were worth $447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of Uber Technologies by 28.7% in the first quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after purchasing an additional 5,142 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Uber Technologies in the 1st quarter valued at $3,359,000. Panagora Asset Management Inc. increased its position in Uber Technologies by 29.3% during the 1st quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock worth $808,000 after buying an additional 5,134 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Uber Technologies by 11.7% during the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock worth $938,000 after buying an additional 2,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Uber Technologies by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after acquiring an additional 168,475 shares in the last quarter. 71.83% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $31.93 on Tuesday. Uber Technologies, Inc. has a twelve month low of $19.90 and a twelve month high of $37.58. The company’s fifty day moving average is $32.39 and its 200 day moving average is $29.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04.

Uber Technologies (NYSE:UBER – Get Rating) last announced its earnings results on Wednesday, February 8th. The ride-sharing company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.50. The firm had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.51 billion. Uber Technologies had a negative return on equity of 114.18% and a negative net margin of 28.68%. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post -0.26 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $32.54, for a total transaction of $135,594.18. Following the completion of the transaction, the insider now owns 166,973 shares in the company, valued at approximately $5,433,301.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $52.00 price objective on shares of Uber Technologies in a report on Thursday, February 9th. Citigroup upped their target price on Uber Technologies from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Raymond James boosted their price target on Uber Technologies from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. UBS Group increased their price objective on shares of Uber Technologies from $38.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Uber Technologies from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Uber Technologies 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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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