Uber Technologies, Inc. (NYSE:UBER) Holdings Trimmed by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 66,284 shares of the ride-sharing company’s stock after selling 381 shares during the period. Concurrent Investment Advisors LLC’s holdings in Uber Technologies were worth $3,998,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UBER. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the 3rd quarter worth about $163,468,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Uber Technologies by 25.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock worth $238,000 after purchasing an additional 635 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Uber Technologies by 34.0% during the third quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock worth $631,000 after purchasing an additional 2,130 shares during the period. BLB&B Advisors LLC purchased a new position in Uber Technologies during the third quarter valued at approximately $206,000. Finally, Greenleaf Trust grew its position in Uber Technologies by 9.5% during the third quarter. Greenleaf Trust now owns 19,079 shares of the ride-sharing company’s stock valued at $1,434,000 after purchasing an additional 1,659 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.3 %

Shares of UBER opened at $81.37 on Friday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $169.97 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a 50-day simple moving average of $67.67 and a 200-day simple moving average of $71.11. 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 (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’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 sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital increased their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group cut their price objective on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Evercore ISI reduced their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.91.

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.