Opal Wealth Advisors LLC Sells 476 Shares of Uber Technologies, Inc. (NYSE:UBER)

Opal Wealth Advisors LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,898 shares of the ride-sharing company’s stock after selling 476 shares during the period. Opal Wealth Advisors LLC’s holdings in Uber Technologies were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Geode Capital Management LLC lifted its position in shares of Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after acquiring an additional 893,652 shares during the period. Edgewood Management LLC boosted its position in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares during the period. Janus Henderson Group PLC increased its position in Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after buying an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after acquiring an additional 1,601,747 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UBER. DA Davidson lowered their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America upped their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday. UBS Group lowered their target price on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned 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 target price of $90.70.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $74.76 on Monday. The business’s fifty day moving average is $65.34 and its 200 day moving average is $70.14. The firm has a market cap of $157.43 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.81 and a beta of 1.39. 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, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current year.

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.