Whalen Wealth Management Inc. Cuts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Whalen Wealth Management Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 48.9% in the 4th quarter, HoldingsChannel reports. The firm owned 12,425 shares of the ride-sharing company’s stock after selling 11,880 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Uber Technologies were worth $749,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UBER. Geode Capital Management LLC grew its stake in shares of Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after purchasing an additional 893,652 shares in the last quarter. 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 acquiring an additional 2,627,768 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after acquiring an additional 237,976 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of 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 acquiring an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Uber Technologies by 14.7% during the 3rd 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.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on UBER. Royal Bank of Canada increased their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson raised their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Stock Performance

NYSE UBER opened at $67.79 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $142.75 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business has a fifty day moving average of $66.08 and a 200-day moving average of $70.31.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, analysts predict that Uber Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

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.