Benedict Financial Advisors Inc. Sells 337 Shares of Uber Technologies, Inc. (NYSE:UBER)

Benedict Financial Advisors Inc. lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,048 shares of the ride-sharing company’s stock after selling 337 shares during the period. Benedict Financial Advisors Inc.’s holdings in Uber Technologies were worth $787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Ascent Wealth Partners LLC purchased a new position in Uber Technologies in the 3rd quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in Uber Technologies during the 3rd quarter valued at $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the 4th quarter worth $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in shares of Uber Technologies in the third quarter valued at about $1,041,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $74.76 on Friday. 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. The company has a 50 day moving average price of $65.34 and a 200-day moving average price of $70.12. The firm has a market capitalization of $157.43 billion, a PE ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39.

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

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday, October 17th. Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday. Finally, UBS Group decreased their price target on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were 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 $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by company 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.