Private Advisor Group LLC Has $14.94 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Private Advisor Group LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,695 shares of the ride-sharing company's stock after selling 24,524 shares during the quarter. Private Advisor Group LLC's holdings in Uber Technologies were worth $14,941,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UBER. AMF Tjanstepension AB acquired a new position in shares of Uber Technologies in the third quarter worth $163,468,000. Stratos Wealth Advisors LLC increased its stake in shares of Uber Technologies by 3.9% in the third quarter. Stratos Wealth Advisors LLC now owns 5,327 shares of the ride-sharing company's stock worth $400,000 after acquiring an additional 202 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Uber Technologies by 25.1% in 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 purchasing an additional 635 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Uber Technologies by 95.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,133 shares of the ride-sharing company's stock worth $235,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Uber Technologies by 34.0% in the third quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company's stock worth $631,000 after purchasing an additional 2,130 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UBER shares. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $90.91.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction 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 transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded down $2.13 during mid-day trading on Friday, hitting $79.13. 16,411,511 shares of the company traded hands, compared to its average volume of 28,652,051. Uber Technologies, Inc. has a one year low of $54.84 and a one year 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 business has a 50-day moving average of $67.67 and a 200 day moving average of $71.11. The stock has a market capitalization of $165.31 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

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.