Whalen Wealth Management Inc. Cuts Stake in Uber Technologies, Inc. (NYSE:UBER)

Whalen Wealth Management Inc. cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,425 shares of the ride-sharing company’s stock after selling 11,880 shares during the period. Whalen Wealth Management Inc.’s holdings in Uber Technologies were worth $749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Avior Wealth Management LLC increased its holdings in shares of Uber Technologies by 3,154.4% in the fourth quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company’s stock valued at $1,329,000 after purchasing an additional 21,355 shares during the period. Teamwork Financial Advisors LLC boosted its position in Uber Technologies by 1,907.1% in the fourth quarter. Teamwork Financial Advisors LLC now owns 140,032 shares of the ride-sharing company’s stock valued at $8,447,000 after buying an additional 133,055 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Uber Technologies by 116.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 6,791 shares of the ride-sharing company’s stock worth $410,000 after buying an additional 3,658 shares during the period. Wesbanco Bank Inc. raised its position in Uber Technologies by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 159,495 shares of the ride-sharing company’s stock worth $9,621,000 after buying an additional 3,337 shares during the last quarter. Finally, Kelleher Financial Advisors lifted its stake in Uber Technologies by 34.5% during the 4th quarter. Kelleher Financial Advisors now owns 17,168 shares of the ride-sharing company’s stock valued at $1,036,000 after acquiring an additional 4,399 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.1 %

Shares of UBER opened at $67.79 on Thursday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $66.08 and a two-hundred day simple moving average of $70.31. The company has a market capitalization of $142.75 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.91 EPS for the current year.

Insiders Place Their Bets

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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, December 18th. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. DA Davidson upped their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Evercore ISI upped their price objective on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

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.