JT Stratford LLC Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

JT Stratford LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 14,174 shares of the ride-sharing company’s stock after selling 299 shares during the quarter. JT Stratford LLC’s holdings in Uber Technologies were worth $855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Avion Wealth grew its holdings in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC purchased a new position in Uber Technologies in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the fourth quarter worth $28,000. GHP Investment Advisors Inc. grew its stake in 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. Finally, Legacy Investment Solutions LLC increased its position in shares of Uber Technologies by 3,038.9% during the 4th quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UBER shares. Truist Financial boosted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. DA Davidson boosted their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. KGI Securities reissued a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Finally, Barclays upped their price objective on Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.8%

Shares of UBER stock opened at $87.92 on Friday. The company has a market capitalization of $183.86 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The business’s fifty day moving average is $77.85 and its 200 day moving average is $72.43. 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 announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.