Kestra Private Wealth Services LLC Sells 8,625 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kestra Private Wealth Services LLC cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,188 shares of the ride-sharing company’s stock after selling 8,625 shares during the period. Kestra Private Wealth Services LLC’s holdings in Uber Technologies were worth $7,612,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UBER. Birch Hill Investment Advisors LLC lifted its holdings in Uber Technologies by 57.0% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 87,447 shares of the ride-sharing company’s stock valued at $5,275,000 after purchasing an additional 31,763 shares during the last quarter. Empirical Finance LLC raised its position in shares of Uber Technologies by 9.6% in the fourth quarter. Empirical Finance LLC now owns 10,035 shares of the ride-sharing company’s stock valued at $605,000 after purchasing an additional 875 shares during the period. Empowered Funds LLC lifted its stake in shares of Uber Technologies by 66.0% during the 4th quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company’s stock worth $3,491,000 after buying an additional 23,019 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of Uber Technologies by 6.8% during the 4th quarter. Moloney Securities Asset Management LLC now owns 26,790 shares of the ride-sharing company’s stock worth $1,616,000 after buying an additional 1,711 shares during the period. Finally, Hobart Private Capital LLC grew its stake in Uber Technologies by 25.5% in the 4th quarter. Hobart Private Capital LLC now owns 4,126 shares of the ride-sharing company’s stock valued at $249,000 after buying an additional 839 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UBER. Piper Sandler cut their price objective on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. UBS Group lowered their price objective on Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Evercore ISI reduced their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday. Seven equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Trading Up 6.8 %

Shares of UBER stock opened at $74.76 on Monday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock’s fifty day simple moving average is $65.34 and its 200 day simple moving average is $70.14. 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 $157.43 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Uber Technologies, Inc. will post 2.4 EPS 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.