Leavell Investment Management Inc. Cuts Position in Uber Technologies, Inc. (NYSE:UBER)

Leavell Investment Management Inc. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 20,421 shares of the ride-sharing company’s stock after selling 327 shares during the period. Leavell Investment Management Inc.’s holdings in Uber Technologies were worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the period. Financial Management Professionals Inc. grew its position in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $33,000. Finally, Transcendent Capital Group LLC boosted its stake in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Piper Sandler cut their target price on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Bank of America boosted their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given 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 $90.70.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 3.2 %

NYSE UBER opened at $79.45 on Thursday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $167.30 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock’s 50-day moving average price is $65.56 and its 200-day moving average price is $70.34.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.4 earnings per share for the current 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.