Simon Quick Advisors LLC Sells 5,460 Shares of Uber Technologies, Inc. (NYSE:UBER)

Simon Quick Advisors LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,183 shares of the ride-sharing company’s stock after selling 5,460 shares during the quarter. Simon Quick Advisors LLC’s holdings in Uber Technologies were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new stake in shares of Uber Technologies during the third quarter valued at $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the 4th quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in Uber Technologies in the 3rd quarter worth about $1,041,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER opened at $67.79 on Thursday. 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 company has a 50 day moving average price of $66.08 and a 200-day moving average price of $70.31. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $142.75 billion, a PE ratio of 33.73, a PEG ratio of 0.73 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. Equities analysts predict that Uber Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on UBER shares. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a report on Thursday, January 2nd. Oppenheimer increased their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.53.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.84% of the stock is owned by corporate 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.