Uber Technologies, Inc. (NYSE:UBER) Shares Sold by abrdn plc

abrdn plc lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 852,300 shares of the ride-sharing company’s stock after selling 167 shares during the period. abrdn plc’s holdings in Uber Technologies were worth $51,573,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UBER. Trust Point Inc. grew its position in Uber Technologies by 11.0% during the 4th quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 464 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in shares of Uber Technologies by 153.3% during the fourth quarter. Childress Capital Advisors LLC now owns 11,665 shares of the ride-sharing company’s stock worth $704,000 after buying an additional 7,059 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in Uber Technologies by 3.6% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 341,576 shares of the ride-sharing company’s stock valued at $20,604,000 after acquiring an additional 12,003 shares during the period. Fourpath Capital Management LLC lifted its position in Uber Technologies by 64.5% during the 4th quarter. Fourpath Capital Management LLC now owns 26,701 shares of the ride-sharing company’s stock worth $1,611,000 after acquiring an additional 10,466 shares during the period. Finally, Optas LLC lifted its position in Uber Technologies by 74.1% during the 4th quarter. Optas LLC now owns 8,228 shares of the ride-sharing company’s stock worth $496,000 after acquiring an additional 3,503 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UBER shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 17th. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Loop Capital increased their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.89.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

Uber Technologies Stock Up 3.6 %

Shares of Uber Technologies stock opened at $69.71 on Wednesday. The company has a fifty day moving average price of $65.49 and a 200 day moving average price of $70.09. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market cap of $146.79 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

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.