Thompson Davis & CO. Inc. Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

Thompson Davis & CO. Inc. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,750 shares of the ride-sharing company’s stock after selling 5,495 shares during the period. Thompson Davis & CO. Inc.’s holdings in Uber Technologies were worth $467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Avion Wealth lifted its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Uber Technologies during the fourth quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the fourth quarter valued at $35,000. Finally, Financial Management Professionals Inc. lifted its position in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 2.9 %

UBER opened at $78.89 on Friday. The stock has a market cap of $164.79 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s 50 day moving average price is $67.67 and its 200-day moving average price is $71.11. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. 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 (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Loop Capital boosted their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.91.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by company insiders.

About Uber Technologies

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.