Cromwell Holdings LLC Reduces Stake in Uber Technologies, Inc. (NYSE:UBER)

Cromwell Holdings LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,946 shares of the ride-sharing company’s stock after selling 367 shares during the period. Cromwell Holdings LLC’s holdings in Uber Technologies were worth $359,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Avion Wealth lifted its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Finally, Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $33,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $81.37 on Friday. The firm has a market cap of $169.97 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.89 and a beta of 1.39. The firm’s fifty day moving average is $67.67 and its 200 day moving average is $71.11. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. 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 (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. DA Davidson dropped 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, February 6th. Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.91.

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.