M3 Advisory Group LLC Reduces Holdings in Uber Technologies, Inc. (NYSE:UBER)

M3 Advisory Group LLC cut its position in Uber Technologies, Inc. (NYSE:UBER) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,306 shares of the ride-sharing company’s stock after selling 409 shares during the quarter. M3 Advisory Group LLC’s holdings in Uber Technologies were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ascent Wealth Partners LLC purchased a new position in Uber Technologies in the 3rd quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky boosted its holdings in 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 valued at $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in Uber Technologies during the 3rd quarter valued at approximately $2,302,000. Polianta Ltd purchased a new stake in Uber Technologies during the 4th quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at approximately $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. KeyCorp dropped their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Wolfe Research increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $68.59 on Friday. The company has a market capitalization of $144.42 billion, a PE ratio of 34.12, a PEG ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50 day moving average price is $65.86 and its 200 day moving average price is $70.25. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Uber Technologies 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.