Stableford Capital II LLC Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Stableford Capital II LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,146 shares of the ride-sharing company’s stock after selling 421 shares during the quarter. Stableford Capital II LLC’s holdings in Uber Technologies were worth $1,396,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UBER. Kieckhefer Group LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $35,000. Financial Management Professionals Inc. boosted its holdings in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Transcendent Capital Group LLC increased its stake in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the period. Finally, Crews Bank & Trust acquired a new position in Uber Technologies during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UBER. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. UBS Group upped their price objective on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Stock Up 0.4 %

UBER stock opened at $66.86 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm’s 50 day moving average price is $65.71 and its 200-day moving average price is $70.14. The firm has a market cap of $140.79 billion, a PE ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.85 EPS for the current year.

Insider Activity 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 sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is currently owned by company insiders.

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.