Uber Technologies, Inc. (NYSE:UBER) Stake Lessened by Larson Financial Group LLC

Larson Financial Group LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,585 shares of the ride-sharing company’s stock after selling 197 shares during the period. Larson Financial Group LLC’s holdings in Uber Technologies were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Impact Partnership Wealth LLC boosted its holdings in shares of Uber Technologies by 234.9% in the third quarter. Impact Partnership Wealth LLC now owns 1,333 shares of the ride-sharing company’s stock valued at $61,000 after acquiring an additional 935 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Uber Technologies by 20.2% during the third quarter. DAVENPORT & Co LLC now owns 63,760 shares of the ride-sharing company’s stock worth $2,932,000 after buying an additional 10,699 shares in the last quarter. Private Trust Co. NA boosted its holdings in Uber Technologies by 90.7% during the third quarter. Private Trust Co. NA now owns 11,372 shares of the ride-sharing company’s stock worth $523,000 after buying an additional 5,409 shares in the last quarter. Strategic Blueprint LLC boosted its holdings in Uber Technologies by 7.9% during the third quarter. Strategic Blueprint LLC now owns 6,198 shares of the ride-sharing company’s stock worth $285,000 after buying an additional 453 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in Uber Technologies by 47.1% during the third quarter. Caprock Group LLC now owns 14,333 shares of the ride-sharing company’s stock worth $659,000 after buying an additional 4,587 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UBER. Barclays raised their target price on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Argus raised their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. UBS Group raised their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Uber Technologies Stock Performance

NYSE UBER opened at $69.31 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $144.26 billion, a price-to-earnings ratio of 80.59, a P/E/G ratio of 1.10 and a beta of 1.36. The company’s fifty day moving average is $76.49 and its two-hundred day moving average is $64.19. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by 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.