Great Lakes Advisors LLC Lowers Stake in Uber Technologies, Inc. (NYSE:UBER)

Great Lakes Advisors LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 65.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,849 shares of the ride-sharing company’s stock after selling 41,547 shares during the quarter. Great Lakes Advisors LLC’s holdings in Uber Technologies were worth $1,318,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Avion Wealth boosted its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $35,000. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $33,000. Finally, Fairfield Financial Advisors LTD boosted its stake in shares of Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after purchasing an additional 170 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.67 on Friday. The business’s 50 day moving average price is $71.85 and its 200 day moving average price is $71.56. The firm has a market cap of $149.71 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. 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 earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. Truist Financial lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Wells Fargo & Company decreased their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. KGI Securities restated a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target 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.