Wright Investors Service Inc. Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Wright Investors Service Inc. decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,898 shares of the ride-sharing company’s stock after selling 963 shares during the quarter. Wright Investors Service Inc.’s holdings in Uber Technologies were worth $657,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc grew its stake in Uber Technologies by 36.3% in the 4th quarter. AdvisorNet Financial Inc now owns 11,352 shares of the ride-sharing company’s stock worth $685,000 after buying an additional 3,021 shares in the last quarter. PFW Advisors LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $222,000. Catalyst Private Wealth LLC grew its position in Uber Technologies by 3.0% in the fourth quarter. Catalyst Private Wealth LLC now owns 6,617 shares of the ride-sharing company’s stock worth $399,000 after acquiring an additional 191 shares in the last quarter. Peddock Capital Advisors LLC grew its position in Uber Technologies by 54.6% in the fourth quarter. Peddock Capital Advisors LLC now owns 7,486 shares of the ride-sharing company’s stock worth $452,000 after acquiring an additional 2,644 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Uber Technologies by 36.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 15,018 shares of the ride-sharing company’s stock valued at $906,000 after acquiring an additional 4,050 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Oppenheimer boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Wolfe Research increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JMP Securities lowered shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a report on Thursday, January 2nd. Finally, Tigress Financial upped their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $65.74 on Tuesday. The business’s fifty day moving average is $66.76 and its 200 day moving average is $70.48. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $138.43 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 0.75 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month 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 analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal 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.