Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,897 shares of the ride-sharing company’s stock after selling 522 shares during the quarter. Financial Advocates Investment Management’s holdings in Uber Technologies were worth $899,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new stake in Uber Technologies during the 3rd quarter worth $163,468,000. Mather Group LLC. lifted its stake in shares of Uber Technologies by 123.1% during the third quarter. Mather Group LLC. now owns 5,357 shares of the ride-sharing company’s stock worth $403,000 after purchasing an additional 2,956 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Uber Technologies by 5.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 14,853 shares of the ride-sharing company’s stock worth $1,116,000 after buying an additional 764 shares during the period. Daymark Wealth Partners LLC grew its stake in shares of Uber Technologies by 14.8% in the third quarter. Daymark Wealth Partners LLC now owns 7,287 shares of the ride-sharing company’s stock valued at $548,000 after buying an additional 940 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in Uber Technologies by 10.9% during the 3rd quarter. Wedmont Private Capital now owns 19,915 shares of the ride-sharing company’s stock worth $1,485,000 after acquiring an additional 1,951 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DA Davidson lowered their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America lifted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.19.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

Uber Technologies Stock Up 6.8 %

Shares of Uber Technologies stock opened at $74.76 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business’s fifty day moving average price is $65.28 and its two-hundred day moving average price is $70.07. The company has a market capitalization of $157.43 billion, a P/E ratio of 37.20, a PEG ratio of 0.77 and a beta of 1.39.

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

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.