Ted Buchan & Co Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Ted Buchan & Co lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,215 shares of the ride-sharing company’s stock after selling 3,393 shares during the period. Ted Buchan & Co’s holdings in Uber Technologies were worth $556,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UBER. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. grew its stake 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 acquiring an additional 223 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Kieckhefer Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $33,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Piper Sandler restated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Citigroup lowered their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.41.

Uber Technologies Trading Down 7.7 %

UBER opened at $64.50 on Friday. The firm has a market capitalization of $134.92 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business has a 50 day simple moving average of $73.75 and a two-hundred day simple moving average of $71.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is owned by company insiders.

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.