Villere ST Denis J & Co. LLC Has $25.69 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Villere ST Denis J & Co. LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 425,947 shares of the ride-sharing company’s stock after selling 9,891 shares during the quarter. Uber Technologies accounts for approximately 2.3% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 24th biggest holding. Villere ST Denis J & Co. LLC’s holdings in Uber Technologies were worth $25,693,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the period. Financial Management Professionals Inc. grew its stake in Uber Technologies by 104.1% in the third 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 period. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $35,000. Finally, Kieckhefer Group LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $79.31 on Friday. 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 stock’s 50 day moving average price is $66.01 and its two-hundred day moving average price is $70.48. The firm has a market capitalization of $167.00 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on UBER. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. 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, January 2nd. Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. UBS Group decreased their target price on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Citigroup decreased their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.70.

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.