Strata Wealth Advisors LLC Sells 191 Shares of Uber Technologies, Inc. (NYSE:UBER)

Strata Wealth Advisors LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,789 shares of the ride-sharing company’s stock after selling 191 shares during the period. Strata Wealth Advisors LLC’s holdings in Uber Technologies were worth $590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $163,468,000. Creative Planning boosted its position in Uber Technologies by 34.0% during the third quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock worth $14,668,000 after purchasing an additional 49,491 shares during the period. Stratos Wealth Advisors LLC grew its stake in Uber Technologies by 3.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 5,327 shares of the ride-sharing company’s stock valued at $400,000 after buying an additional 202 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in shares of Uber Technologies during the third quarter worth approximately $231,000. Finally, OLD National Bancorp IN boosted its position in shares of Uber Technologies by 16.2% in the third quarter. OLD National Bancorp IN now owns 11,111 shares of the ride-sharing company’s stock valued at $835,000 after acquiring an additional 1,551 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is owned by insiders.

Uber Technologies Trading Up 2.5 %

Shares of UBER opened at $81.44 on Wednesday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a market cap of $171.49 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.87 and a beta of 1.39. The firm’s fifty day moving average is $66.54 and its two-hundred day moving average is $70.81. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts forecast that Uber Technologies, Inc. will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of several analyst reports. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.91.

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.