FSC Wealth Advisors LLC Lowers Position in Uber Technologies, Inc. (NYSE:UBER)

FSC Wealth Advisors LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 875 shares of the ride-sharing company’s stock after selling 233 shares during the period. FSC Wealth Advisors LLC’s holdings in Uber Technologies were worth $66,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. grew its position in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC increased its stake in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies in the 1st quarter worth about $32,000. Finally, MCF Advisors LLC lifted its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UBER shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Monday, October 7th. Wolfe Research initiated coverage on Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Roth Mkm boosted their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

Uber Technologies Trading Down 0.1 %

UBER stock opened at $80.40 on Wednesday. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The stock has a market capitalization of $168.00 billion, a price-to-earnings ratio of 129.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $74.71 and its two-hundred day simple moving average is $70.69.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

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.