United Capital Financial Advisors LLC Sells 10,314 Shares of Uber Technologies, Inc. (NYSE:UBER)

United Capital Financial Advisors LLC cut its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,241 shares of the ride-sharing company's stock after selling 10,314 shares during the quarter. United Capital Financial Advisors LLC's holdings in Uber Technologies were worth $3,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the 4th quarter worth about $28,000. GHP Investment Advisors Inc. raised its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $33,000. Finally, Legacy Investment Solutions LLC raised its holdings in Uber Technologies by 3,038.9% in the 4th quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock valued at $34,000 after buying an additional 547 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UBER shares. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. TD Cowen cut their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.81.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 3.0 %

NYSE:UBER opened at $75.28 on Friday. 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 company has a fifty day moving average of $74.09 and a 200 day moving average of $71.45. The firm has a market capitalization of $157.47 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

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

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.

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