Westside Investment Management Inc. Sells 2,918 Shares of Uber Technologies, Inc. (NYSE:UBER)

Westside Investment Management Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 128,010 shares of the ride-sharing company’s stock after selling 2,918 shares during the quarter. Uber Technologies makes up about 1.6% of Westside Investment Management Inc.’s investment portfolio, making the stock its 11th largest position. Westside Investment Management Inc.’s holdings in Uber Technologies were worth $7,722,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UBER. Magnus Financial Group LLC raised its position in shares of Uber Technologies by 12.9% in the fourth quarter. Magnus Financial Group LLC now owns 5,486 shares of the ride-sharing company’s stock valued at $331,000 after purchasing an additional 628 shares during the period. Albion Financial Group UT lifted its position in Uber Technologies by 2,061.8% during the 4th quarter. Albion Financial Group UT now owns 93,151 shares of the ride-sharing company’s stock worth $5,619,000 after acquiring an additional 88,842 shares during the last quarter. Dakota Wealth Management grew its position in shares of Uber Technologies by 3.7% in the fourth quarter. Dakota Wealth Management now owns 51,060 shares of the ride-sharing company’s stock valued at $3,080,000 after purchasing an additional 1,817 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Uber Technologies by 9.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 388,677 shares of the ride-sharing company’s stock worth $23,445,000 after purchasing an additional 34,515 shares during the period. Finally, Sheets Smith Wealth Management acquired a new position in shares of Uber Technologies during the 4th quarter worth about $3,705,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

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 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $68.04 on Wednesday. The stock has a market capitalization of $143.27 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a 50 day moving average price of $66.16 and a 200 day moving average price of $70.33. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. Analysts forecast that Uber Technologies, Inc. will post 1.91 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. KeyCorp reduced their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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.