Intelligence Driven Advisers LLC Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Intelligence Driven Advisers LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,438 shares of the ride-sharing company’s stock after selling 914 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Uber Technologies were worth $328,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ascent Wealth Partners LLC acquired a new position in Uber Technologies in the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies during the third quarter worth about $2,302,000. Polianta Ltd acquired a new stake in Uber Technologies in the fourth quarter valued at about $1,206,000. Finally, Brophy Wealth Management LLC purchased a new stake in Uber Technologies in the 3rd quarter valued at approximately $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Uber Technologies stock opened at $79.45 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market cap of $167.30 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock’s 50-day moving average is $65.56 and its 200-day moving average is $70.34.

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, 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 anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.70.

Insider Activity at Uber Technologies

In other 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 value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.84% of the company’s stock.

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.