Advisor OS LLC Reduces Position in Uber Technologies, Inc. (NYSE:UBER)

Advisor OS LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 21.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,243 shares of the ride-sharing company’s stock after selling 4,376 shares during the period. Advisor OS LLC’s holdings in Uber Technologies were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avion Wealth boosted its position in 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 buying an additional 218 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $35,000. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $33,000. Finally, Transcendent Capital Group LLC raised its holdings 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 worth $42,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $74.97 on Wednesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a fifty day simple moving average of $68.65 and a two-hundred day simple moving average of $71.44. 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 cap of $156.61 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, DA Davidson cut their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.94.

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.