Advisory Services Network LLC Sells 11,670 Shares of Uber Technologies, Inc. (NYSE:UBER)

Advisory Services Network LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,340 shares of the ride-sharing company's stock after selling 11,670 shares during the quarter. Advisory Services Network LLC's holdings in Uber Technologies were worth $4,243,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UBER. Avion Wealth grew its position in Uber Technologies by 96.0% in the 4th 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. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the fourth quarter worth about $28,000. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC purchased a new stake in Uber Technologies in the 4th quarter valued at approximately $33,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, 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 can be accessed through this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last ninety days. Company insiders own 3.84% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently weighed in on UBER shares. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, April 9th. Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $89.97.

Uber Technologies Stock Up 0.5 %

Shares of Uber Technologies stock traded up $0.36 on Monday, hitting $72.64. 3,905,722 shares of the company's stock traded hands, compared to its average volume of 20,315,395. 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 firm's 50-day moving average is $73.94 and its 200 day moving average is $71.44. The stock has a market cap of $151.95 billion, a P/E ratio of 15.93, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.