Solidarity Wealth LLC Has $1.06 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Solidarity Wealth LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,500 shares of the ride-sharing company’s stock after selling 3,500 shares during the period. Solidarity Wealth LLC’s holdings in Uber Technologies were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the fourth quarter worth approximately $35,000. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 104.1% during 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 during the last quarter. Transcendent Capital Group LLC raised its holdings in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in shares of Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. Bank of America boosted their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wolfe Research increased their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Thursday, October 31st. Finally, Royal Bank of Canada boosted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Trading Down 1.9 %

UBER opened at $67.30 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $66.16 and a 200 day simple moving average of $70.33.

Uber Technologies (NYSE:UBER) last posted its quarterly 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 for 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%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by company insiders.

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.