Checchi Capital Advisers LLC Has $422,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Checchi Capital Advisers LLC lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,992 shares of the ride-sharing company’s stock after selling 826 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Uber Technologies were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. National Pension Service raised its holdings in Uber Technologies by 1.8% in the 4th quarter. National Pension Service now owns 3,855,816 shares of the ride-sharing company’s stock valued at $232,583,000 after acquiring an additional 68,353 shares during the period. Cutter & CO Brokerage Inc. bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $291,000. Lingotto Investment Management LLP grew its position in shares of Uber Technologies by 21.0% in the fourth quarter. Lingotto Investment Management LLP now owns 121,113 shares of the ride-sharing company’s stock valued at $7,306,000 after purchasing an additional 21,000 shares during the last quarter. Birinyi Associates Inc. increased its stake in shares of Uber Technologies by 1.5% during the fourth quarter. Birinyi Associates Inc. now owns 34,250 shares of the ride-sharing company’s stock worth $2,066,000 after purchasing an additional 500 shares during the period. Finally, FFT Wealth Management LLC lifted its holdings in Uber Technologies by 8.3% during the 4th quarter. FFT Wealth Management LLC now owns 11,334 shares of the ride-sharing company’s stock worth $684,000 after purchasing an additional 870 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $74.20 on Friday. The company has a market capitalization of $155.00 billion, a PE ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock’s 50 day moving average is $69.22 and its two-hundred day moving average is $71.48.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $90.94.

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.