HHM Wealth Advisors LLC Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

HHM Wealth Advisors LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,616 shares of the ride-sharing company’s stock after selling 1,500 shares during the period. HHM Wealth Advisors LLC’s holdings in Uber Technologies were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AMF Tjanstepension AB purchased a new stake in Uber Technologies during the 3rd quarter worth approximately $163,468,000. Czech National Bank grew its position in shares of Uber Technologies by 7.5% during the third quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock worth $32,167,000 after buying an additional 29,806 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Uber Technologies by 42.8% in the third quarter. Harbor Investment Advisory LLC now owns 16,865 shares of the ride-sharing company’s stock worth $1,268,000 after buying an additional 5,051 shares during the last quarter. GAMMA Investing LLC raised its holdings in Uber Technologies by 12.1% in the third quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company’s stock valued at $752,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Herbst Group LLC boosted its stake in Uber Technologies by 46.6% during the 3rd quarter. Herbst Group LLC now owns 22,100 shares of the ride-sharing company’s stock valued at $1,661,000 after acquiring an additional 7,025 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.4 %

Shares of UBER opened at $66.86 on Monday. The business’s 50-day moving average price is $65.61 and its 200 day moving average price is $70.08. 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 stock has a market capitalization of $140.79 billion, a P/E ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.39. 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. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. Analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UBER shares. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Cantor Fitzgerald lifted their target price on Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.08.

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.