Assetmark Inc. Sells 94,304 Shares of Uber Technologies, Inc. (NYSE:UBER)

Assetmark Inc. reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 458,644 shares of the ride-sharing company’s stock after selling 94,304 shares during the quarter. Assetmark Inc.’s holdings in Uber Technologies were worth $27,665,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Intact Investment Management Inc. bought a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $256,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $292,000. Catalina Capital Group LLC grew its holdings in shares of Uber Technologies by 3.4% during the 3rd quarter. Catalina Capital Group LLC now owns 12,777 shares of the ride-sharing company’s stock valued at $960,000 after purchasing an additional 419 shares during the last quarter. Harvest Portfolios Group Inc. grew its holdings in shares of Uber Technologies by 17.6% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 14,051 shares of the ride-sharing company’s stock valued at $1,056,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Uber Technologies by 4.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,665 shares of the ride-sharing company’s stock valued at $5,011,000 after purchasing an additional 2,813 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Wolfe Research lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.81.

Uber Technologies Stock Up 1.7 %

Uber Technologies stock opened at $76.57 on Thursday. 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 12-month low of $54.84 and a 12-month high of $87.00. The firm’s fifty day moving average is $70.35 and its 200 day moving average is $71.60. The company has a market capitalization of $159.96 billion, a PE ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.84% of the stock is currently owned by company insiders.

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.