Signaturefd LLC Lowers Stake in Uber Technologies, Inc. (NYSE:UBER)

Signaturefd LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,433 shares of the ride-sharing company’s stock after selling 2,124 shares during the quarter. Signaturefd LLC’s holdings in Uber Technologies were worth $1,896,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Avion Wealth lifted its stake in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. lifted its position 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 worth $29,000 after buying an additional 223 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Uber Technologies in the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies in the fourth quarter worth approximately $35,000. Finally, Fairfield Financial Advisors LTD raised its stake in shares of Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.6 %

UBER stock opened at $72.71 on Tuesday. The business has a 50 day moving average of $71.98 and a 200 day moving average of $71.56. The firm has a market cap of $151.89 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. KGI Securities reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Ten equities 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’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $90.31.

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.