Uber Technologies, Inc. (NYSE:UBER) Stake Reduced by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,065 shares of the ride-sharing company’s stock after selling 473 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Uber Technologies were worth $728,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Avion Wealth lifted its holdings in shares of 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 buying an additional 218 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of 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 buying an additional 223 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $35,000. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $33,000. Finally, Transcendent Capital Group LLC raised its position in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $73.00 on Tuesday. The company has a market capitalization of $152.51 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.89 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. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $71.16 and its 200-day moving average is $71.61.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies 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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. Arete Research raised Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Truist Financial boosted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

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.