KMG Fiduciary Partners LLC Has $1.26 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

KMG Fiduciary Partners LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 20,885 shares of the ride-sharing company’s stock after selling 544 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Uber Technologies were worth $1,260,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Uber Technologies in the 4th quarter worth about $33,000. Transcendent Capital Group LLC grew its position in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares in the last quarter. Fortitude Family Office LLC grew its position in Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares in the last quarter. Finally, ORG Partners LLC grew its position in Uber Technologies by 142.9% in the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock worth $49,000 after purchasing an additional 383 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 1.9 %

Shares of UBER stock opened at $67.30 on Friday. 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 firm has a market cap of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The business has a 50-day moving average price of $66.24 and a two-hundred day moving average price of $70.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, December 18th. Truist Financial reduced their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group increased their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Seven 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.53.

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.