Good Life Advisors LLC Sells 1,506 Shares of Uber Technologies, Inc. (NYSE:UBER)

Good Life Advisors LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 9.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,735 shares of the ride-sharing company’s stock after selling 1,506 shares during the quarter. Good Life Advisors LLC’s holdings in Uber Technologies were worth $846,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Procyon Advisors LLC increased its position in Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Uber Technologies by 2.1% during the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after buying an additional 200 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in Uber Technologies by 18.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,299 shares of the ride-sharing company’s stock worth $80,000 after acquiring an additional 200 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of Uber Technologies by 5.1% in the 3rd quarter. Montag A & Associates Inc. now owns 4,202 shares of the ride-sharing company’s stock valued at $193,000 after buying an additional 203 shares during the period. Finally, Choreo LLC increased its stake in Uber Technologies by 2.3% during the 3rd quarter. Choreo LLC now owns 9,761 shares of the ride-sharing company’s stock worth $449,000 after buying an additional 216 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.4 %

Shares of UBER traded down $1.12 during mid-day trading on Thursday, reaching $76.99. 13,407,214 shares of the stock traded hands, compared to its average volume of 20,295,463. The firm has a market cap of $159.87 billion, a price-to-earnings ratio of 89.99, a P/E/G ratio of 1.26 and a beta of 1.37. The stock has a fifty day simple moving average of $74.26 and a 200 day simple moving average of $60.24. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UBER shares. Argus raised their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Mizuho increased their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp raised their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Citigroup lifted their price objective on Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.41.

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.