Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 785,005 shares of the ride-sharing company’s stock after selling 35,740 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Uber Technologies were worth $47,352,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the fourth quarter worth about $35,000. Financial Management Professionals Inc. boosted its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Transcendent Capital Group LLC grew its holdings in shares of Uber Technologies by 3,928.6% during the third 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 during the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of Uber Technologies by 84.7% during 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 during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $68.28 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month 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 market cap of $143.77 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The business has a fifty day simple moving average of $66.02 and a 200-day simple moving average of $70.29.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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 firm 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%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s 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 directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UBER shares. Wells Fargo & Company lowered their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Thursday, October 17th. Royal Bank of Canada lifted their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, Jefferies Financial Group raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Seven investment 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 stock. Based on data from MarketBeat, the company currently 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.