Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Hedeker Wealth LLC

Hedeker Wealth LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,958 shares of the ride-sharing company’s stock after selling 7,780 shares during the quarter. Uber Technologies comprises about 1.2% of Hedeker Wealth LLC’s holdings, making the stock its 29th biggest holding. Hedeker Wealth LLC’s holdings in Uber Technologies were worth $4,763,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. CENTRAL TRUST Co lifted its position in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares in the last quarter. Procyon Advisors LLC raised its holdings in Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after acquiring an additional 131 shares in the last quarter. DT Investment Partners LLC raised its holdings in Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after acquiring an additional 145 shares in the last quarter. Jmac Enterprises LLC raised its holdings in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after acquiring an additional 150 shares in the last quarter. Finally, Canopy Partners LLC raised its holdings in Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UBER. Wolfe Research raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Piper Sandler reduced their target price on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.19.

Uber Technologies Price Performance

Uber Technologies stock opened at $70.04 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. 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 business has a fifty day moving average of $65.31 and a two-hundred day moving average of $70.07. The company has a market cap of $147.47 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. As a group, analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was 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 $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by corporate 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.