Bard Financial Services Inc. Sells 5,050 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bard Financial Services Inc. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,875 shares of the ride-sharing company’s stock after selling 5,050 shares during the quarter. Bard Financial Services Inc.’s holdings in Uber Technologies were worth $1,268,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Invst LLC grew its position in Uber Technologies by 5.0% during the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company’s stock valued at $309,000 after buying an additional 197 shares during the period. M&T Bank Corp boosted its position in shares of Uber Technologies by 4.8% in the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock worth $13,161,000 after purchasing an additional 7,968 shares during the period. Soltis Investment Advisors LLC boosted its position in shares of Uber Technologies by 11.7% in the third quarter. Soltis Investment Advisors LLC now owns 3,912 shares of the ride-sharing company’s stock worth $294,000 after purchasing an additional 410 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Uber Technologies by 117.4% in the third quarter. Rehmann Capital Advisory Group now owns 9,893 shares of the ride-sharing company’s stock worth $746,000 after purchasing an additional 5,342 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in shares of Uber Technologies by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 64,960 shares of the ride-sharing company’s stock worth $4,882,000 after purchasing an additional 3,615 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Oppenheimer upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. JMP Securities reissued a “market outperform” rating and issued a $95.00 target price on shares of Uber Technologies in a report on Wednesday, December 4th. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. Finally, Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.51.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Up 0.3 %

NYSE UBER opened at $65.15 on Wednesday. The company’s 50-day moving average price is $74.29 and its 200-day moving average price is $71.49. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $137.19 billion, a PE ratio of 32.33, a PEG ratio of 0.82 and a beta of 1.33. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

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.