Xcel Wealth Management LLC Sells 11,120 Shares of Uber Technologies, Inc. (NYSE:UBER)

Xcel Wealth Management LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,225 shares of the ride-sharing company’s stock after selling 11,120 shares during the quarter. Uber Technologies accounts for 0.9% of Xcel Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Xcel Wealth Management LLC’s holdings in Uber Technologies were worth $3,391,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avion Wealth increased its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $35,000. Finally, Transcendent Capital Group LLC increased its position in shares of 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 valued at $42,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Citigroup dropped their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies Trading Up 2.5 %

UBER opened at $76.07 on Friday. The firm has a market cap of $158.90 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a fifty day moving average price of $69.53 and a 200-day moving average price of $71.53.

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, topping 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%. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.