Premier Path Wealth Partners LLC Sells 2,333 Shares of Uber Technologies, Inc. (NYSE:UBER)

Premier Path Wealth Partners LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,076 shares of the ride-sharing company’s stock after selling 2,333 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Uber Technologies were worth $668,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UBER. Sanibel Captiva Trust Company Inc. increased its stake in shares of Uber Technologies by 24.9% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 79,739 shares of the ride-sharing company’s stock valued at $4,810,000 after buying an additional 15,872 shares during the period. Howard Financial Services LTD. grew its holdings in Uber Technologies by 7.7% during the 4th quarter. Howard Financial Services LTD. now owns 5,267 shares of the ride-sharing company’s stock worth $318,000 after acquiring an additional 375 shares during the last quarter. Arkadios Wealth Advisors increased its position in Uber Technologies by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 32,007 shares of the ride-sharing company’s stock valued at $1,931,000 after acquiring an additional 686 shares during the period. Shikiar Asset Management Inc. raised its stake in shares of Uber Technologies by 33.6% during the fourth quarter. Shikiar Asset Management Inc. now owns 126,722 shares of the ride-sharing company’s stock valued at $7,644,000 after acquiring an additional 31,897 shares during the last quarter. Finally, Lake Street Private Wealth LLC lifted its holdings in shares of Uber Technologies by 33.9% during the fourth quarter. Lake Street Private Wealth LLC now owns 76,042 shares of the ride-sharing company’s stock worth $4,587,000 after purchasing an additional 19,271 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 1.9 %

Uber Technologies stock opened at $67.30 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $141.71 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm’s 50-day simple moving average is $66.24 and its 200 day simple moving average is $70.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Research analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Oppenheimer raised their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. UBS Group lifted their price objective on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Finally, Truist Financial decreased their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

About Uber Technologies

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.