HB Wealth Management LLC Has $2.18 Million Position in Uber Technologies, Inc. (NYSE:UBER)

HB Wealth Management LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,049 shares of the ride-sharing company’s stock after selling 386 shares during the quarter. HB Wealth Management LLC’s holdings in Uber Technologies were worth $2,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. KRS Capital Management LLC increased its position in Uber Technologies by 14.3% during the 4th quarter. KRS Capital Management LLC now owns 7,627 shares of the ride-sharing company’s stock valued at $460,000 after purchasing an additional 955 shares during the period. Sanibel Captiva Trust Company Inc. increased its position in shares of Uber Technologies by 24.9% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 79,739 shares of the ride-sharing company’s stock worth $4,810,000 after buying an additional 15,872 shares during the period. Howard Financial Services LTD. raised its stake in Uber Technologies by 7.7% during the fourth quarter. Howard Financial Services LTD. now owns 5,267 shares of the ride-sharing company’s stock worth $318,000 after buying an additional 375 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Uber Technologies by 2.2% in the fourth quarter. Arkadios Wealth Advisors now owns 32,007 shares of the ride-sharing company’s stock valued at $1,931,000 after buying an additional 686 shares during the period. Finally, Shikiar Asset Management Inc. boosted its position in Uber Technologies by 33.6% during the fourth quarter. Shikiar Asset Management Inc. now owns 126,722 shares of the ride-sharing company’s stock valued at $7,644,000 after acquiring an additional 31,897 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 1.9 %

NYSE:UBER opened at $67.30 on Monday. The firm has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. 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 company has a fifty day moving average of $66.24 and a 200 day moving average of $70.36. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

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 net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Raymond James began coverage on Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Wells Fargo & Company reduced their price objective 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. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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.