Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,474 shares of the ride-sharing company’s stock after selling 3,191 shares during the period. Csenge Advisory Group’s holdings in Uber Technologies were worth $511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avion Wealth raised its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares during the period. Financial Management Professionals Inc. lifted its position 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 buying an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the fourth quarter worth about $35,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $33,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER stock opened at $81.44 on Wednesday. The stock has a market cap of $171.49 billion, a PE ratio of 17.86, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a fifty day moving average price of $66.54 and a 200 day moving average price of $70.81.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday. UBS Group dropped their target price on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Citigroup reduced their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Wolfe Research lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.91.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.