Souders Financial Advisors Has $872,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Souders Financial Advisors decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 16.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,452 shares of the ride-sharing company’s stock after selling 2,775 shares during the period. Souders Financial Advisors’ holdings in Uber Technologies were worth $872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avion Wealth raised its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Transcendent Capital Group LLC boosted its stake 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 buying an additional 550 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on UBER. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.81.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 1.2 %

UBER opened at $75.33 on Wednesday. The firm’s fifty day moving average is $70.05 and its two-hundred day moving average is $71.57. The firm has a market cap of $157.37 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last issued 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 return on equity of 62.60% and a net margin of 22.41%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.