Vanguard Capital Wealth Advisors Has $816,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Vanguard Capital Wealth Advisors cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 36.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,250 shares of the ride-sharing company’s stock after selling 7,500 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Uber Technologies were worth $816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC boosted its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC bought a new stake in Uber Technologies during the fourth quarter worth about $31,000. Blue Bell Private Wealth Management LLC lifted its position in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after purchasing an additional 262 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.14 during trading on Tuesday, hitting $66.26. The stock had a trading volume of 22,698,419 shares, compared to its average volume of 19,764,270. The firm has a market cap of $137.91 billion, a price-to-earnings ratio of 78.38, a P/E/G ratio of 1.09 and a beta of 1.36. 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 12 month low of $31.76 and a 12 month high of $82.14. The business’s 50-day moving average is $76.08 and its 200 day moving average is $64.75.

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

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. KeyCorp upped their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Wells Fargo & Company increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Tigress Financial increased their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Moffett Nathanson reissued a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $79.39.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’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 directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

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.