Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 265,171 shares of the ride-sharing company’s stock after selling 6,625 shares during the period. Parallel Advisors LLC’s holdings in Uber Technologies were worth $15,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Cibc World Markets Corp raised its position in shares of Uber Technologies by 93.2% during the 4th quarter. Cibc World Markets Corp now owns 526,124 shares of the ride-sharing company’s stock worth $31,736,000 after buying an additional 253,824 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Uber Technologies by 6.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 23,545 shares of the ride-sharing company’s stock valued at $1,420,000 after acquiring an additional 1,387 shares in the last quarter. GWN Securities Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at approximately $253,000. Harbour Investments Inc. raised its holdings in Uber Technologies by 25.4% during the fourth quarter. Harbour Investments Inc. now owns 13,575 shares of the ride-sharing company’s stock worth $819,000 after purchasing an additional 2,748 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new stake in Uber Technologies in the fourth quarter worth approximately $1,554,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

UBER opened at $71.67 on Monday. The stock has a fifty day moving average price of $71.85 and a 200 day moving average price of $71.55. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market cap of $149.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 and a beta of 1.39.

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

Wall Street Analyst Weigh In

UBER has been the topic of several research analyst reports. Truist Financial lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

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.