Avitas Wealth Management LLC Has $3.15 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Avitas Wealth Management LLC lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 52,178 shares of the ride-sharing company’s stock after selling 522 shares during the period. Avitas Wealth Management LLC’s holdings in Uber Technologies were worth $3,147,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Redwood Wealth Management Group LLC lifted its position in shares of Uber Technologies by 6.3% in the fourth quarter. Redwood Wealth Management Group LLC now owns 8,955 shares of the ride-sharing company’s stock valued at $540,000 after buying an additional 530 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in Uber Technologies by 6.4% in the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company’s stock valued at $5,107,000 after acquiring an additional 5,095 shares during the period. Mather Group LLC. lifted its holdings in Uber Technologies by 12.2% during the 4th quarter. Mather Group LLC. now owns 6,010 shares of the ride-sharing company’s stock valued at $362,000 after purchasing an additional 653 shares during the last quarter. Robbins Farley boosted its position in Uber Technologies by 35.1% during the fourth quarter. Robbins Farley now owns 82,527 shares of the ride-sharing company’s stock worth $4,978,000 after purchasing an additional 21,433 shares during the period. Finally, Tandem Capital Management Corp ADV increased its holdings in shares of Uber Technologies by 31.4% in the fourth quarter. Tandem Capital Management Corp ADV now owns 45,459 shares of the ride-sharing company’s stock valued at $2,742,000 after purchasing an additional 10,850 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Piper Sandler dropped their price target on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.89.

Uber Technologies Stock Performance

NYSE:UBER opened at $69.71 on Wednesday. The stock’s 50-day moving average is $65.49 and its 200-day moving average is $70.09. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $146.79 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% 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.