Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Gables Capital Management Inc.

Gables Capital Management Inc. lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,460 shares of the ride-sharing company’s stock after selling 1,100 shares during the period. Gables Capital Management Inc.’s holdings in Uber Technologies were worth $1,053,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UBER. CWA Asset Management Group LLC acquired a new position in shares of Uber Technologies in the third quarter worth about $586,000. Atria Investments Inc raised its position in shares of Uber Technologies by 0.3% during the 3rd quarter. Atria Investments Inc now owns 109,107 shares of the ride-sharing company’s stock worth $8,200,000 after purchasing an additional 312 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Uber Technologies by 7.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 48,222 shares of the ride-sharing company’s stock worth $3,624,000 after purchasing an additional 3,163 shares during the last quarter. Transcendent Capital Group LLC raised its position in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Uber Technologies by 10.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 20,441 shares of the ride-sharing company’s stock worth $1,536,000 after purchasing an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UBER. Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler restated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

Insider Transactions at Uber Technologies

In other Uber Technologies 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 transaction 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 represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.00 on Tuesday. The firm’s 50 day moving average price is $71.16 and its 200-day moving average price is $71.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market cap of $152.51 billion, a P/E ratio of 16.01, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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%. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.