Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Decreased by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 8.7% in the 4th quarter, Holdings Channel reports. The fund owned 5,743 shares of the ride-sharing company’s stock after selling 547 shares during the period. First Horizon Advisors Inc.’s holdings in Uber Technologies were worth $346,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in Uber Technologies during the 3rd quarter valued at about $163,468,000. Allworth Financial LP grew its position in Uber Technologies by 12.9% during the third quarter. Allworth Financial LP now owns 18,718 shares of the ride-sharing company’s stock valued at $1,407,000 after purchasing an additional 2,135 shares in the last quarter. Modera Wealth Management LLC increased its stake in Uber Technologies by 13.1% in the 3rd quarter. Modera Wealth Management LLC now owns 5,157 shares of the ride-sharing company’s stock valued at $388,000 after buying an additional 597 shares during the period. Autumn Glory Partners LLC increased its stake in Uber Technologies by 100.0% in the 3rd quarter. Autumn Glory Partners LLC now owns 6,460 shares of the ride-sharing company’s stock valued at $486,000 after buying an additional 3,230 shares during the period. Finally, Strategic Wealth Investment Group LLC lifted its position in Uber Technologies by 48.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 165,805 shares of the ride-sharing company’s stock worth $12,309,000 after buying an additional 54,084 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.94.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $74.97 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $156.61 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm has a fifty day moving average price of $68.37 and a two-hundred day moving average price of $71.39. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results 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 net margin of 22.41% and a return on equity of 62.60%. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.