Delta Investment Management LLC Sells 4,236 Shares of Uber Technologies, Inc. (NYSE:UBER)

Delta Investment Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,364 shares of the ride-sharing company’s stock after selling 4,236 shares during the period. Delta Investment Management LLC’s holdings in Uber Technologies were worth $946,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Drive Wealth Management LLC lifted its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after acquiring an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Cigna Investments Inc. New lifted its stake in Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after purchasing an additional 178 shares during the last quarter. Procyon Advisors LLC lifted its stake in Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after purchasing an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in Uber Technologies by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Tigress Financial raised their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Bank of America raised their target price on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Finally, Mizuho raised their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction 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 $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.4 %

NYSE:UBER opened at $69.05 on Friday. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The firm has a fifty day simple moving average of $76.30 and a 200-day simple moving average of $64.48. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $143.72 billion, a P/E ratio of 80.29, a PEG ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping 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 business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.22 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.