MeadowBrook Investment Advisors LLC Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

MeadowBrook Investment Advisors LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,730 shares of the ride-sharing company’s stock after selling 160 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Uber Technologies were worth $527,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UBER. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the 3rd quarter worth $163,468,000. Carnegie Investment Counsel purchased a new position in Uber Technologies during the third quarter worth approximately $742,000. Exchange Traded Concepts LLC grew its stake in shares of Uber Technologies by 395.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after buying an additional 3,918 shares during the period. CHICAGO TRUST Co NA acquired a new position in Uber Technologies in the third quarter valued at $237,000. Finally, Redhawk Wealth Advisors Inc. grew its holdings in Uber Technologies by 7.2% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 13,200 shares of the ride-sharing company’s stock valued at $992,000 after purchasing an additional 892 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UBER shares. Evercore ISI decreased their price objective 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, February 6th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company cut their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citigroup reduced their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday, October 17th. Seven investment 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, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Stock Down 2.2 %

Shares of NYSE:UBER opened at $76.90 on Wednesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock’s 50-day moving average is $65.45 and its 200 day moving average is $70.26. The company has a market cap of $161.93 billion, a PE ratio of 16.86, a P/E/G ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.84% of the company’s stock.

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.