Arete Wealth Advisors LLC Sells 1,106 Shares of Uber Technologies, Inc. (NYSE:UBER)

Arete Wealth Advisors LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,520 shares of the ride-sharing company’s stock after selling 1,106 shares during the period. Arete Wealth Advisors LLC’s holdings in Uber Technologies were worth $393,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quarry LP lifted its stake in shares of Uber Technologies by 137.2% during the third quarter. Quarry LP now owns 1,499 shares of the ride-sharing company’s stock valued at $113,000 after acquiring an additional 867 shares during the period. Weiss Asset Management LP acquired a new position in Uber Technologies during the 3rd quarter valued at about $6,586,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Uber Technologies by 28.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 61,044 shares of the ride-sharing company’s stock valued at $4,588,000 after purchasing an additional 13,517 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of Uber Technologies by 10.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 87,650 shares of the ride-sharing company’s stock worth $6,588,000 after buying an additional 8,580 shares during the period. Finally, iA Global Asset Management Inc. raised its stake in shares of Uber Technologies by 15.8% during the third quarter. iA Global Asset Management Inc. now owns 203,193 shares of the ride-sharing company’s stock worth $15,272,000 after buying an additional 27,743 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $64.50 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company’s fifty day simple moving average is $73.75 and its 200-day simple moving average is $71.75. The firm has a market cap of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Truist Financial raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.41.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company’s stock.

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.