Ballast Advisors LLC Sells 5,373 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ballast Advisors LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,605 shares of the ride-sharing company’s stock after selling 5,373 shares during the period. Uber Technologies accounts for 1.3% of Ballast Advisors LLC’s portfolio, making the stock its 17th largest holding. Ballast Advisors LLC’s holdings in Uber Technologies were worth $4,259,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UBER. DCF Advisers LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $1,508,000. Douglass Winthrop Advisors LLC grew its holdings in Uber Technologies by 7.7% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,252,068 shares of the ride-sharing company’s stock valued at $135,845,000 after buying an additional 160,280 shares in the last quarter. Whittier Trust Co. raised its position in shares of Uber Technologies by 4.3% during the fourth quarter. Whittier Trust Co. now owns 10,871 shares of the ride-sharing company’s stock valued at $656,000 after buying an additional 451 shares during the last quarter. BluePointe Capital Management LLC lifted its holdings in shares of Uber Technologies by 32.3% in the fourth quarter. BluePointe Capital Management LLC now owns 4,562 shares of the ride-sharing company’s stock worth $275,000 after buying an additional 1,114 shares in the last quarter. Finally, Condor Capital Management bought a new position in shares of Uber Technologies during the fourth quarter worth $1,827,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’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 completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock worth $5,587,619 in the last three months. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. DA Davidson decreased their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Up 1.8 %

Shares of NYSE:UBER opened at $74.33 on Friday. The business’s 50 day moving average is $72.44 and its 200 day moving average is $71.57. The stock has a market cap of $155.27 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

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

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.