Kestra Investment Management LLC Sells 3,654 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kestra Investment Management LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 70.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,567 shares of the ride-sharing company's stock after selling 3,654 shares during the quarter. Kestra Investment Management LLC's holdings in Uber Technologies were worth $95,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in UBER. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the third quarter worth about $163,468,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Uber Technologies by 25.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company's stock worth $238,000 after acquiring an additional 635 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Uber Technologies by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company's stock valued at $631,000 after buying an additional 2,130 shares during the period. BLB&B Advisors LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $206,000. Finally, Greenleaf Trust raised its stake in Uber Technologies by 9.5% in the third quarter. Greenleaf Trust now owns 19,079 shares of the ride-sharing company's stock valued at $1,434,000 after buying an additional 1,659 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company'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 value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Wells Fargo & Company lowered their price target on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Loop Capital upped their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.91.

Uber Technologies Price Performance

NYSE:UBER traded down $2.38 during mid-day trading on Friday, hitting $78.89. The company's stock had a trading volume of 21,758,503 shares, compared to its average volume of 28,847,662. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $67.67 and a 200-day moving average of $71.11. The company has a market capitalization of $164.79 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.