J.W. Cole Advisors Inc. Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

J.W. Cole Advisors Inc. trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,550 shares of the ride-sharing company’s stock after selling 24,892 shares during the period. J.W. Cole Advisors Inc.’s holdings in Uber Technologies were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after buying an additional 2,067,098 shares during the period. Altimeter Capital Management LP raised its holdings in Uber Technologies by 167.5% during the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after buying an additional 19,260,000 shares during the period. Norges Bank purchased a new stake in Uber Technologies during the 4th quarter valued at $580,568,000. Capital World Investors raised its holdings in Uber Technologies by 18.5% during the 1st quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock valued at $787,480,000 after buying an additional 3,443,554 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Uber Technologies by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock valued at $651,575,000 after buying an additional 615,942 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.9 %

Shares of UBER stock opened at $69.20 on Friday. The stock has a 50 day moving average of $76.89 and a 200 day moving average of $63.64. 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 stock has a market cap of $144.03 billion, a P/E ratio of 80.47, a P/E/G ratio of 1.10 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the business earned $0.29 earnings per share. Uber Technologies’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. KeyCorp increased their target price on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. BTIG Research increased their price target on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. BMO Capital Markets increased their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Susquehanna increased their price target on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value 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 disclosure for this sale can be found here. 3.84% of the stock is owned by corporate 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.