Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,316 shares of the ride-sharing company’s stock after selling 952 shares during the period. Uber Technologies makes up approximately 2.3% of Pursue Wealth Partners LLC’s portfolio, making the stock its 15th largest position. Pursue Wealth Partners LLC’s holdings in Uber Technologies were worth $3,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Strategic Blueprint LLC increased its holdings in shares of Uber Technologies by 7.9% during the 3rd quarter. Strategic Blueprint LLC now owns 6,198 shares of the ride-sharing company’s stock worth $285,000 after buying an additional 453 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Uber Technologies by 14.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,760 shares of the ride-sharing company’s stock worth $265,000 after purchasing an additional 717 shares during the period. UMB Bank n.a. boosted its position in shares of Uber Technologies by 177.9% during the 3rd quarter. UMB Bank n.a. now owns 5,917 shares of the ride-sharing company’s stock worth $272,000 after purchasing an additional 3,788 shares during the period. Ballentine Partners LLC boosted its position in shares of Uber Technologies by 31.6% during the 3rd quarter. Ballentine Partners LLC now owns 15,371 shares of the ride-sharing company’s stock worth $707,000 after purchasing an additional 3,687 shares during the period. Finally, Lineweaver Wealth Advisors LLC purchased a new position in shares of Uber Technologies during the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on UBER. Citigroup increased their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research report on Thursday, February 15th. Barclays raised their price target on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Susquehanna raised their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Argus raised their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.94.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $0.26 during midday trading on Friday, hitting $69.05. The stock had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. The company has a market capitalization of $143.72 billion, a PE ratio of 80.29, a P/E/G ratio of 1.09 and a beta of 1.36. The stock has a 50 day moving average price of $76.30 and a two-hundred day moving average price of $64.48. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.22 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.