International Assets Investment Management LLC Reduces Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

International Assets Investment Management LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 98.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,871 shares of the ride-sharing company's stock after selling 585,246 shares during the period. International Assets Investment Management LLC's holdings in Uber Technologies were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CENTRAL TRUST Co grew its stake in shares of Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock worth $87,000 after purchasing an additional 127 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after buying an additional 131 shares during the period. DT Investment Partners LLC raised its holdings in shares of Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after acquiring an additional 145 shares in the last quarter. Jmac Enterprises LLC lifted its stake in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after acquiring an additional 150 shares during the period. Finally, Wealthspire Advisors LLC boosted its holdings in Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company's stock valued at $1,809,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was 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 SEC, which is available at the SEC website. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price objective on the stock in a research report on Thursday, October 31st. BMO Capital Markets reissued an "outperform" rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.53.

Uber Technologies Stock Performance

NYSE UBER traded up $1.05 during trading hours on Friday, hitting $65.96. 30,663,772 shares of the company's stock traded hands, compared to its average volume of 29,660,387. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $138.89 billion, a P/E ratio of 32.82, a P/E/G ratio of 0.75 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The business's fifty day moving average price is $66.91 and its two-hundred day moving average price is $70.52.

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

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.