Transcend Capital Advisors LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 85.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,508 shares of the ride-sharing company's stock after selling 45,024 shares during the period. Transcend Capital Advisors LLC's holdings in Uber Technologies were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in UBER. CENTRAL TRUST Co lifted its stake 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 valued at $87,000 after purchasing an additional 127 shares during the last quarter. DT Investment Partners LLC lifted its stake in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after purchasing an additional 145 shares during the last quarter. Jmac Enterprises LLC lifted its stake in Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock valued at $552,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC lifted its stake in Uber Technologies by 2.2% during the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company's stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. Finally, Drive Wealth Management LLC lifted its stake in Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after purchasing an additional 155 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.
Shares of UBER opened at $78.89 on Friday. The company's fifty day moving average is $68.05 and its 200-day moving average is $71.25. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market cap of $164.79 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.
Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Several analysts recently commented on the stock. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. KeyCorp cut their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $90.94.
Get Our Latest Stock Analysis on UBER
In related news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Uber Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.
While Uber Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.