Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,438 shares of the ride-sharing company’s stock after selling 914 shares during the period. Intelligence Driven Advisers LLC’s holdings in Uber Technologies were worth $328,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UBER. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies during the third quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Uber Technologies by 4.4% in 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 acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $2,302,000. Polianta Ltd purchased a new position in Uber Technologies in the fourth quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $1,041,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 3.2 %

Shares of Uber Technologies stock opened at $79.45 on Thursday. The company has a fifty day simple moving average of $65.56 and a 200-day simple moving average of $70.34. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. 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 stock has a market cap of $167.30 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UBER shares. Loop Capital increased their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. KeyCorp lowered their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Truist Financial dropped their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.70.

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.