Strategic Investment Advisors MI Has $447,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Strategic Investment Advisors MI lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,409 shares of the ride-sharing company’s stock after selling 3,182 shares during the quarter. Strategic Investment Advisors MI’s holdings in Uber Technologies were worth $447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC bought a new position in shares of Uber Technologies during the third quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $2,302,000. Polianta Ltd bought a new stake in shares of Uber Technologies in the fourth quarter worth $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in Uber Technologies during the third quarter worth $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday. Wells Fargo & Company decreased their price target 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. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, JMP Securities cut shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Thursday, January 2nd. 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. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $68.74 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $144.74 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a 50 day moving average of $65.86 and a 200-day moving average of $70.26. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

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 value 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 $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by corporate 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.