Newbridge Financial Services Group Inc. Sells 15,211 Shares of Uber Technologies, Inc. (NYSE:UBER)

Newbridge Financial Services Group Inc. reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 72.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,793 shares of the ride-sharing company's stock after selling 15,211 shares during the quarter. Newbridge Financial Services Group Inc.'s holdings in Uber Technologies were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UBER. CENTRAL TRUST Co increased its holdings in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock worth $87,000 after acquiring an additional 127 shares during the period. Procyon Advisors LLC increased its holdings in Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock worth $476,000 after acquiring an additional 131 shares during the period. DT Investment Partners LLC increased its holdings in Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock worth $62,000 after acquiring an additional 145 shares during the period. Jmac Enterprises LLC increased its holdings in Uber Technologies by 2.1% during the 3rd 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, Canopy Partners LLC increased its holdings in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company's stock worth $523,000 after acquiring an additional 151 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 1.2 %

Shares of NYSE:UBER traded up $0.99 on Thursday, hitting $80.34. The company had a trading volume of 21,733,896 shares, compared to its average volume of 30,860,428. The firm's 50-day simple moving average is $65.71 and its two-hundred day simple moving average is $70.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. 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 capitalization of $169.16 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate 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 anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UBER. The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Piper Sandler decreased their price target on shares of Uber Technologies from $82.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price target on the stock. in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $90.70.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.84% of the company's stock.

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.