Twin Peaks Wealth Advisors LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Twin Peaks Wealth Advisors LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,945 shares of the ride-sharing company’s stock after selling 1,485 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in Uber Technologies were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $2,302,000. Polianta Ltd purchased a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $1,206,000. Finally, Allworth Financial LP raised its position in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UBER shares. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Piper Sandler reissued an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Arete Research raised Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, Tigress Financial boosted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.94.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s 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 transaction, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $76.34 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $68.05 and a 200 day moving average price of $71.34. The company has a market cap of $159.46 billion, a P/E ratio of 16.74, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. Sell-side analysts predict 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.