Everence Capital Management Inc. Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

Everence Capital Management Inc. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,490 shares of the ride-sharing company’s stock after selling 10,260 shares during the quarter. Everence Capital Management Inc.’s holdings in Uber Technologies were worth $2,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CENTRAL TRUST Co boosted its position in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after buying an additional 131 shares in the last quarter. DT Investment Partners LLC grew its stake in Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after acquiring an additional 145 shares during the last quarter. 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 valued at $552,000 after acquiring an additional 150 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.6 %

NYSE UBER traded up $1.03 during trading hours on Friday, hitting $64.20. The company had a trading volume of 11,511,284 shares, compared to its average volume of 18,134,703. The firm’s 50 day moving average is $68.24 and its 200 day moving average is $70.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $135.19 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wolfe Research increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Company 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.