Valmark Advisers Inc. Sells 4,739 Shares of Uber Technologies, Inc. (NYSE:UBER)

Valmark Advisers Inc. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,536 shares of the ride-sharing company’s stock after selling 4,739 shares during the period. Valmark Advisers Inc.’s holdings in Uber Technologies were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. AMF Tjanstepension AB purchased a new position in Uber Technologies in the third quarter valued at about $163,468,000. Exchange Traded Concepts LLC grew its stake in Uber Technologies by 395.8% in the third quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after purchasing an additional 3,918 shares during the last quarter. Creative Planning grew its stake in Uber Technologies by 34.0% in the third quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock valued at $14,668,000 after purchasing an additional 49,491 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Uber Technologies by 11.6% in the third quarter. Cornerstone Wealth Management LLC now owns 3,793 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 393 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Uber Technologies by 0.7% in the third quarter. Bleakley Financial Group LLC now owns 30,837 shares of the ride-sharing company’s stock valued at $2,318,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Wolfe Research boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.70.

Uber Technologies Stock Down 1.2 %

Shares of NYSE:UBER opened at $79.31 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $66.27 and a two-hundred day moving average of $70.68. The stock has a market cap of $167.00 billion, a P/E ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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, research analysts expect that Uber Technologies, Inc. will post 2.4 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.