Checchi Capital Advisers LLC Sells 826 Shares of Uber Technologies, Inc. (NYSE:UBER)

Checchi Capital Advisers LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 10.6% in the fourth quarter, Holdings Channel reports. The firm owned 6,992 shares of the ride-sharing company’s stock after selling 826 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Uber Technologies were worth $422,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. National Pension Service lifted its stake in Uber Technologies by 1.8% in the fourth quarter. National Pension Service now owns 3,855,816 shares of the ride-sharing company’s stock valued at $232,583,000 after acquiring an additional 68,353 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of Uber Technologies during the fourth quarter worth approximately $291,000. Lingotto Investment Management LLP lifted its holdings in shares of Uber Technologies by 21.0% during the fourth quarter. Lingotto Investment Management LLP now owns 121,113 shares of the ride-sharing company’s stock worth $7,306,000 after buying an additional 21,000 shares in the last quarter. Birinyi Associates Inc. boosted its holdings in Uber Technologies by 1.5% in the 4th quarter. Birinyi Associates Inc. now owns 34,250 shares of the ride-sharing company’s stock valued at $2,066,000 after purchasing an additional 500 shares during the period. Finally, FFT Wealth Management LLC grew its position in Uber Technologies by 8.3% during the fourth quarter. FFT Wealth Management LLC now owns 11,334 shares of the ride-sharing company’s stock worth $684,000 after buying an additional 870 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UBER shares. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.94.

Insider Activity 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 directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 2.2 %

Shares of NYSE UBER opened at $74.20 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $155.00 billion, a PE ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business’s fifty day moving average price is $69.22 and its 200-day moving average price is $71.48.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS 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 anticipate that Uber Technologies, Inc. will post 2.54 EPS 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.