Endowment Wealth Management Inc. Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Endowment Wealth Management Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,065 shares of the ride-sharing company’s stock after selling 473 shares during the period. Endowment Wealth Management Inc.’s holdings in Uber Technologies were worth $728,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies in the third quarter worth about $2,302,000. Polianta Ltd purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $1,206,000. Allworth Financial LP boosted its holdings in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares during the period. Finally, Brophy Wealth Management LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at $1,041,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was 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. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 4.3 %

Uber Technologies stock opened at $73.00 on Tuesday. The stock has a 50-day moving average price of $71.16 and a 200 day moving average price of $71.61. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market cap of $152.51 billion, a PE ratio of 16.01, a P/E/G ratio of 0.89 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 for the quarter, beating 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 predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UBER. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.71.

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.