Ballast Advisors LLC Reduces Position in Uber Technologies, Inc. (NYSE:UBER)

Ballast Advisors LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,605 shares of the ride-sharing company's stock after selling 5,373 shares during the quarter. Uber Technologies makes up approximately 1.3% of Ballast Advisors LLC's portfolio, making the stock its 17th biggest holding. Ballast Advisors LLC's holdings in Uber Technologies were worth $4,259,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of UBER. Avion Wealth boosted its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC bought a new stake in Uber Technologies during the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $35,000. Finally, Fairfield Financial Advisors LTD lifted its holdings in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated 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 owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages have commented on UBER. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their target price on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Tigress Financial upped 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. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $90.31.

Uber Technologies Price Performance

Shares of UBER traded down $0.92 during midday trading on Tuesday, hitting $75.59. 16,054,128 shares of the company traded hands, compared to its average volume of 19,651,368. The stock has a market cap of $157.91 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39. The firm has a 50 day moving average of $72.85 and a 200-day moving average of $71.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. 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 announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.