Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 56.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,797 shares of the ride-sharing company’s stock after selling 33,127 shares during the quarter. Sigma Planning Corp’s holdings in Uber Technologies were worth $1,588,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Drive Wealth Management LLC grew its position in Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after acquiring an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its position in shares of Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after buying an additional 178 shares in the last quarter. Procyon Advisors LLC grew its position in shares of Uber Technologies by 3.6% during the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its position in shares of Uber Technologies by 2.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after buying an additional 200 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was 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 owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UBER shares. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Friday, April 5th. Susquehanna boosted their price objective on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Jefferies Financial Group boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. Finally, Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Uber Technologies Price Performance

Uber Technologies stock opened at $69.56 on Monday. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The business has a fifty day moving average of $76.89 and a two-hundred day moving average of $63.77. The company has a market cap of $144.78 billion, a P/E ratio of 80.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $9.76 billion. During the same quarter last year, the company earned $0.29 earnings per share. Uber Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

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.