Gerber Kawasaki Wealth & Investment Management Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Gerber Kawasaki Wealth & Investment Management reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,769 shares of the ride-sharing company's stock after selling 18,176 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Uber Technologies were worth $3,726,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Welch & Forbes LLC raised its holdings in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after buying an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after purchasing an additional 150 shares during the period. Drive Wealth Management LLC raised its holdings in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after purchasing an additional 155 shares during the period. Institute for Wealth Management LLC. raised its holdings in Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD raised its holdings 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 valued at $40,000 after acquiring an additional 170 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.8 %

Uber Technologies stock traded up $0.61 during midday trading on Monday, hitting $78.36. 13,319,159 shares of the stock were exchanged, compared to its average volume of 20,308,828. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $163.91 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.89 and a beta of 1.37. The stock's 50-day simple moving average is $73.60 and its 200 day simple moving average is $71.41. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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 analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UBER. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. KeyCorp dropped their price target on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.81.

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.