Waldron Private Wealth LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Waldron Private Wealth LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,778 shares of the ride-sharing company’s stock after selling 249 shares during the quarter. Waldron Private Wealth LLC’s holdings in Uber Technologies were worth $1,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Centaurus Financial Inc. increased its position in shares of Uber Technologies by 59.2% during the 2nd quarter. Centaurus Financial Inc. now owns 14,266 shares of the ride-sharing company’s stock worth $1,037,000 after purchasing an additional 5,307 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $163,468,000. Czech National Bank boosted its holdings in Uber Technologies by 7.5% in the third quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock valued at $32,167,000 after purchasing an additional 29,806 shares during the period. Park Avenue Securities LLC grew its position in shares of Uber Technologies by 4.4% during the third quarter. Park Avenue Securities LLC now owns 94,645 shares of the ride-sharing company’s stock worth $7,114,000 after buying an additional 4,018 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in shares of Uber Technologies by 5.5% during the 3rd quarter. HBW Advisory Services LLC now owns 4,972 shares of the ride-sharing company’s stock worth $374,000 after purchasing an additional 261 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 0.4 %

NYSE UBER opened at $66.86 on Friday. The company has a market cap of $140.79 billion, a P/E ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a 50-day moving average of $65.61 and a 200-day moving average of $70.08. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBER. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Loop Capital lifted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Truist Financial decreased their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.08.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is owned by corporate insiders.

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.