Blair William & Co. IL Trims Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Blair William & Co. IL reduced its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,022,575 shares of the ride-sharing company's stock after selling 59,551 shares during the quarter. Blair William & Co. IL owned approximately 0.19% of Uber Technologies worth $242,642,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Avion Wealth increased its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the fourth quarter worth $28,000. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 85.1% during the fourth 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 last quarter. Kieckhefer Group LLC bought a new stake in Uber Technologies during the fourth quarter valued at $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $35,000. Institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research note 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 note on Wednesday, February 5th. Piper Sandler reissued an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten research 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's stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

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Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction 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 sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last 90 days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER traded down $2.15 during trading hours on Friday, reaching $72.71. 11,255,568 shares of the company were exchanged, compared to its average volume of 20,097,389. 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 stock has a market capitalization of $152.09 billion, a P/E ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business's 50 day simple moving average is $73.44 and its 200-day simple moving average is $71.75.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.