Empower Advisory Group LLC Sells 163,042 Shares of Uber Technologies, Inc. (NYSE:UBER)

Empower Advisory Group LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 907,356 shares of the ride-sharing company’s stock after selling 163,042 shares during the period. Empower Advisory Group LLC’s holdings in Uber Technologies were worth $54,732,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AMF Tjanstepension AB purchased a new position in Uber Technologies in the third quarter worth about $163,468,000. Creative Planning boosted its holdings in shares of Uber Technologies by 34.0% in the third quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock worth $14,668,000 after buying an additional 49,491 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Uber Technologies by 14.2% during the third quarter. Stratos Wealth Partners LTD. now owns 72,481 shares of the ride-sharing company’s stock valued at $5,448,000 after buying an additional 8,985 shares during the period. Stratos Wealth Advisors LLC increased its holdings in Uber Technologies by 3.9% during the third quarter. Stratos Wealth Advisors LLC now owns 5,327 shares of the ride-sharing company’s stock valued at $400,000 after buying an additional 202 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in Uber Technologies by 16.6% in the third quarter. First Citizens Bank & Trust Co. now owns 10,077 shares of the ride-sharing company’s stock worth $757,000 after acquiring an additional 1,438 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $79.31 on Tuesday. The firm has a market capitalization of $167.00 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business has a 50 day simple moving average of $66.27 and a 200-day simple moving average of $70.68. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Equities analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Loop Capital increased their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Tigress Financial lifted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.