Braun Stacey Associates Inc. Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Braun Stacey Associates Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 94.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,207 shares of the ride-sharing company’s stock after selling 318,374 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Uber Technologies were worth $1,038,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UBER. Jennison Associates LLC grew its holdings in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $166,072,000. Edgewood Management LLC raised its stake in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in shares of Uber Technologies during the third quarter worth $163,468,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup reduced their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group cut their target price on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial decreased their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Stock Performance

Shares of UBER stock opened at $79.31 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $167.00 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a 50 day moving average price of $66.27 and a 200 day moving average price of $70.68. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the 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 directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by corporate insiders.

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.