Oppenheimer & Co. Inc. Sells 30,409 Shares of Uber Technologies, Inc. (NYSE:UBER)

Oppenheimer & Co. Inc. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,537 shares of the ride-sharing company’s stock after selling 30,409 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Uber Technologies were worth $9,985,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UBER. AMF Tjanstepension AB purchased a new position in Uber Technologies during the third quarter valued at approximately $163,468,000. Fidelis Capital Partners LLC boosted its position in Uber Technologies by 13.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 5,720 shares of the ride-sharing company’s stock valued at $457,000 after acquiring an additional 657 shares in the last quarter. Tandem Capital Management Corp ADV increased its holdings in shares of Uber Technologies by 12.7% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 34,609 shares of the ride-sharing company’s stock valued at $2,601,000 after acquiring an additional 3,904 shares during the period. Cornerstone Wealth Group LLC raised its position in shares of Uber Technologies by 1.6% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 56,244 shares of the ride-sharing company’s stock worth $4,227,000 after acquiring an additional 899 shares in the last quarter. Finally, Solidarity Wealth LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter worth $1,578,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. DA Davidson cut their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, KeyCorp decreased their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies Trading Down 2.2 %

Shares of NYSE:UBER opened at $74.20 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The business has a 50 day moving average of $69.22 and a two-hundred day moving average of $71.48. The company has a market capitalization of $155.00 billion, a PE ratio of 16.27, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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%. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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.