Monetary Management Group Inc. Has $628,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Monetary Management Group Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 27.7% in the 4th quarter, Holdings Channel reports. The firm owned 10,410 shares of the ride-sharing company’s stock after buying an additional 2,260 shares during the quarter. Monetary Management Group Inc.’s holdings in Uber Technologies were worth $628,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. lifted its holdings in Uber Technologies by 50.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company’s stock worth $1,805,000 after purchasing an additional 8,168 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Uber Technologies by 5.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 64,960 shares of the ride-sharing company’s stock worth $4,882,000 after buying an additional 3,615 shares during the period. Rehmann Capital Advisory Group grew its stake in Uber Technologies by 117.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 9,893 shares of the ride-sharing company’s stock valued at $746,000 after buying an additional 5,342 shares during the last quarter. Soltis Investment Advisors LLC grew its stake in Uber Technologies by 11.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 3,912 shares of the ride-sharing company’s stock valued at $294,000 after buying an additional 410 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock worth $13,161,000 after acquiring an additional 7,968 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Down 2.4 %

Shares of UBER opened at $70.97 on Friday. The stock’s fifty day simple moving average is $73.89 and its 200-day simple moving average is $71.51. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $148.44 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. TD Cowen cut their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Truist Financial upped their target price 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. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. Company 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.