Uber Technologies, Inc. (NYSE:UBER) Stock Position Lowered by Stifel Financial Corp

Stifel Financial Corp lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,432,092 shares of the ride-sharing company's stock after selling 71,049 shares during the quarter. Stifel Financial Corp owned 0.12% of Uber Technologies worth $146,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Avion Wealth increased its holdings in Uber Technologies by 96.0% in 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 in the last quarter. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER traded down $0.36 during trading hours on Friday, hitting $77.74. The company had a trading volume of 20,038,405 shares, compared to its average volume of 20,320,287. 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 firm has a market cap of $162.62 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business has a fifty day simple moving average of $73.60 and a 200-day simple moving average of $71.50.

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

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Wells Fargo & Company increased their price target on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $89.81.

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.