Moss Adams Wealth Advisors LLC Reduces Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Moss Adams Wealth Advisors LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 23.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,185 shares of the ride-sharing company’s stock after selling 3,074 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Uber Technologies were worth $614,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the 4th quarter worth about $35,000. Kieckhefer Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $33,000. Transcendent Capital Group LLC lifted its holdings in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 1.9 %

NYSE:UBER opened at $67.30 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business’s 50-day simple moving average is $66.24 and its 200 day simple moving average is $70.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UBER shares. Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective for the company. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Jefferies Financial Group raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by insiders.

Uber Technologies Company 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.