Evolution Wealth Advisors LLC Has $547,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Evolution Wealth Advisors LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,881 shares of the ride-sharing company’s stock after selling 329 shares during the period. Evolution Wealth Advisors LLC’s holdings in Uber Technologies were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. American Century Companies Inc. grew its stake in Uber Technologies by 28.7% in the first quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after acquiring an additional 5,142 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Uber Technologies during the first quarter worth about $3,359,000. Panagora Asset Management Inc. boosted its position in shares of Uber Technologies by 29.3% during the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock worth $808,000 after buying an additional 5,134 shares during the period. Yousif Capital Management LLC boosted its position in shares of Uber Technologies by 11.7% during the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock worth $938,000 after buying an additional 2,756 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Uber Technologies by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock worth $40,838,000 after buying an additional 168,475 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Bank of America upped their price objective on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Piper Sandler upped their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $2.08 on Friday, hitting $69.22. The stock had a trading volume of 23,174,722 shares, compared to its average volume of 19,588,287. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The business’s 50 day moving average is $76.92 and its two-hundred day moving average is $63.34. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market cap of $144.07 billion, a price-to-earnings ratio of 80.59, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

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.