Larson Financial Group LLC Sells 623 Shares of Uber Technologies, Inc. (NYSE:UBER)

Larson Financial Group LLC cut its position in Uber Technologies, Inc. (NYSE:UBER) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,661 shares of the ride-sharing company’s stock after selling 623 shares during the period. Larson Financial Group LLC’s holdings in Uber Technologies were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in UBER. CWA Asset Management Group LLC bought a new stake in Uber Technologies in the 3rd quarter valued at $586,000. Axxcess Wealth Management LLC raised its holdings in Uber Technologies by 10.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 20,441 shares of the ride-sharing company’s stock valued at $1,536,000 after acquiring an additional 1,992 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Uber Technologies in the 3rd quarter valued at $127,000. Venturi Wealth Management LLC raised its holdings in Uber Technologies by 40.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,035 shares of the ride-sharing company’s stock valued at $153,000 after acquiring an additional 585 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Uber Technologies in the 3rd quarter valued at $676,000. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated 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 owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % 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 owned by corporate insiders.

Uber Technologies Trading Down 3.5 %

NYSE UBER opened at $70.52 on Wednesday. The business’s 50-day moving average price is $71.37 and its two-hundred day moving average price is $71.59. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market capitalization of $147.31 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Citigroup dropped their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Wolfe Research lifted 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Ten investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

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.