Avity Investment Management Inc. Has $7.25 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Avity Investment Management Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 74.7% in the fourth quarter, HoldingsChannel reports. The firm owned 120,247 shares of the ride-sharing company’s stock after selling 355,287 shares during the period. Avity Investment Management Inc.’s holdings in Uber Technologies were worth $7,253,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $33,000. Financial Management Professionals Inc. lifted its position in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Transcendent Capital Group LLC lifted its position in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 276 shares during the period. Finally, ORG Partners LLC grew its position in shares of Uber Technologies by 142.9% in the third quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock valued at $49,000 after purchasing an additional 383 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UBER. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Thursday, October 31st. KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER stock opened at $64.98 on Wednesday. The firm has a market cap of $136.83 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.75 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $66.58 and a 200 day moving average price of $70.43.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share 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 business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 1.89 EPS 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.