Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Motco

Motco trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 500 shares of the ride-sharing company’s stock after selling 175 shares during the period. Motco’s holdings in Uber Technologies were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Avion Wealth boosted its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 85.1% in the 4th 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 in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $35,000. Finally, Transcendent Capital Group LLC lifted its stake in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on UBER. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Evercore ISI reduced their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.94.

Insider Activity

In other 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 transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Up 2.5 %

Shares of Uber Technologies stock opened at $76.07 on Friday. 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 cap of $158.90 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business has a 50-day moving average price of $69.53 and a 200 day moving average price of $71.53.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate 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 forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies Company 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.