Benedict Financial Advisors Inc. Has $787,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Benedict Financial Advisors Inc. decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,048 shares of the ride-sharing company’s stock after selling 337 shares during the period. Benedict Financial Advisors Inc.’s holdings in Uber Technologies were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. raised its holdings in 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 buying an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies during the fourth quarter worth $35,000. Financial Management Professionals Inc. lifted its holdings in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Finally, Transcendent Capital Group LLC grew its holdings in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $74.76 on Friday. The firm has a market capitalization of $157.43 billion, a PE ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39. 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 company has a 50-day moving average price of $65.34 and a two-hundred day moving average price of $70.12. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was 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 accessible through the SEC website. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. 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. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Citigroup reduced their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies 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.