Quotient Wealth Partners LLC Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Quotient Wealth Partners LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,823 shares of the ride-sharing company’s stock after selling 1,571 shares during the period. Quotient Wealth Partners LLC’s holdings in Uber Technologies were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. AMF Tjanstepension AB purchased a new stake in Uber Technologies in the 3rd quarter valued at about $163,468,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Uber Technologies by 327.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,166 shares of the ride-sharing company’s stock valued at $1,065,000 after acquiring an additional 10,851 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Uber Technologies by 53.9% in the third quarter. Ritholtz Wealth Management now owns 35,445 shares of the ride-sharing company’s stock valued at $2,664,000 after purchasing an additional 12,419 shares during the period. CRA Financial Services LLC grew its stake in Uber Technologies by 5.5% in the third quarter. CRA Financial Services LLC now owns 3,386 shares of the ride-sharing company’s stock worth $254,000 after purchasing an additional 175 shares in the last quarter. Finally, Carnegie Investment Counsel purchased a new position in Uber Technologies during the 3rd quarter worth $742,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $74.76 on Monday. The stock has a 50 day moving average price of $65.34 and a 200 day moving average price of $70.14. The stock has a market cap of $157.43 billion, a PE ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Equities research analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on UBER shares. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday. KeyCorp dropped their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Piper Sandler dropped their target price on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Wells Fargo & Company reduced their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.70.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated 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 owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by 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.