Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 9.9% in the 3rd quarter, Holdings Channel reports. The firm owned 3,373 shares of the ride-sharing company’s stock after selling 371 shares during the period. Keudell Morrison Wealth Management’s holdings in Uber Technologies were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new position in Uber Technologies in the 1st quarter valued at about $32,000. MCF Advisors LLC increased its stake in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the period. Finally, Founders Capital Management acquired a new stake in shares of Uber Technologies during the second quarter worth about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.15 on Thursday, reaching $74.21. The company’s stock had a trading volume of 3,597,455 shares, compared to its average volume of 18,039,018. Uber Technologies, Inc. has a 52-week low of $48.90 and a 52-week high of $87.00. The stock has a market capitalization of $156.26 billion, a P/E ratio of 36.98, a PEG ratio of 1.16 and a beta of 1.34. The stock’s 50-day moving average is $75.45 and its two-hundred day moving average is $70.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the business posted $0.10 EPS. The company’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Raymond James assumed coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective for the company. Jefferies Financial Group raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $90.32.

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.