Envestnet Portfolio Solutions Inc. Lowers Stake in Uber Technologies, Inc. (NYSE:UBER)

Envestnet Portfolio Solutions Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,773 shares of the ride-sharing company’s stock after selling 3,205 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Uber Technologies were worth $13,920,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Uber Technologies during the 3rd quarter worth $683,000. Huntington National Bank lifted its holdings in Uber Technologies by 20.7% during the 3rd quarter. Huntington National Bank now owns 7,737 shares of the ride-sharing company’s stock worth $582,000 after buying an additional 1,326 shares during the last quarter. Empirical Finance LLC lifted its holdings in Uber Technologies by 102.7% during the 3rd quarter. Empirical Finance LLC now owns 9,160 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 4,640 shares during the last quarter. KCM Investment Advisors LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth about $301,000. Finally, Natixis Advisors LLC increased its holdings in shares of Uber Technologies by 7.5% in the 3rd quarter. Natixis Advisors LLC now owns 720,279 shares of the ride-sharing company’s stock valued at $54,136,000 after acquiring an additional 50,077 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on UBER. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 3.1 %

Shares of UBER stock opened at $71.67 on Monday. The stock has a market cap of $149.71 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.89 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. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business has a fifty day simple moving average of $71.85 and a 200-day simple moving average of $71.55.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.