B. Riley Wealth Advisors Inc. Sells 8,877 Shares of Uber Technologies, Inc. (NYSE:UBER)

B. Riley Wealth Advisors Inc. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,850 shares of the ride-sharing company's stock after selling 8,877 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Uber Technologies were worth $13,621,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. GHP Investment Advisors Inc. boosted its stake in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC grew its holdings in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 344 shares in the last quarter. MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock valued at $32,000 after buying an additional 405 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Uber Technologies in the 2nd quarter worth about $36,000. Finally, NewSquare Capital LLC boosted its position in Uber Technologies by 1,509.4% during the 2nd quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company's stock worth $37,000 after acquiring an additional 483 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded down $1.48 during trading hours on Friday, reaching $59.93. 47,325,346 shares of the company traded hands, compared to its average volume of 19,014,521. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a market cap of $126.20 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33. The stock's fifty day moving average is $73.54 and its 200 day moving average is $71.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UBER shares. Royal Bank of Canada upped their target price on Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Evercore ISI upped their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. DA Davidson lifted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Finally, Tigress Financial increased their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.51.

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.