Frank Rimerman Advisors LLC Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Frank Rimerman Advisors LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 61.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,578 shares of the ride-sharing company’s stock after selling 13,757 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Uber Technologies were worth $517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Avion Wealth increased its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Uber Technologies in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $35,000. Finally, Fairfield Financial Advisors LTD boosted its stake in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on UBER. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Truist Financial upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 3.1 %

Shares of NYSE UBER opened at $71.67 on Monday. 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 business’s 50 day moving average price is $71.85 and its 200-day moving average price is $71.55. 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 $149.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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.