Axxcess Wealth Management LLC Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Axxcess Wealth Management LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 39.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,283 shares of the ride-sharing company's stock after selling 8,158 shares during the period. Axxcess Wealth Management LLC's holdings in Uber Technologies were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Avion Wealth lifted its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares in the last quarter. 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 purchasing an additional 223 shares during the period. Kieckhefer Group LLC bought a new stake in Uber Technologies during the fourth quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the fourth quarter worth about $35,000. Finally, Fairfield Financial Advisors LTD grew its position in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 1.2 %

Shares of Uber Technologies stock traded down $0.92 on Tuesday, reaching $75.59. The company's stock had a trading volume of 16,051,507 shares, compared to its average volume of 19,651,368. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm's fifty day simple moving average is $72.85 and its two-hundred day simple moving average is $71.63. 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 $157.91 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Tigress Financial raised their price target on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a report on Monday, November 25th. KGI Securities reissued a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.31.

Insider Activity

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last three months. Insiders own 3.84% of the company's stock.

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.