Avior Wealth Management LLC Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Avior Wealth Management LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 68.1% in the third quarter, Holdings Channel.com reports. The firm owned 677 shares of the ride-sharing company’s stock after selling 1,448 shares during the period. Avior Wealth Management LLC’s holdings in Uber Technologies were worth $51,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC lifted its stake in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Founders Capital Management acquired a new position in shares of Uber Technologies during the second quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Uber Technologies during the second quarter worth about $36,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $71.51 on Monday. The company has a market capitalization of $150.58 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business has a 50 day moving average price of $75.47 and a two-hundred day moving average price of $71.09.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on UBER. Oppenheimer boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Raymond James assumed coverage on Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective on the stock. Roth Mkm boosted their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JMP Securities boosted their price target on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.32.

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.