Tsfg LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Tsfg LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,313 shares of the ride-sharing company’s stock after selling 393 shares during the quarter. Tsfg LLC’s holdings in Uber Technologies were worth $79,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. PFW Advisors LLC bought a new position in Uber Technologies in the fourth quarter valued at about $222,000. Catalyst Private Wealth LLC increased its position in shares of Uber Technologies by 3.0% during the 4th quarter. Catalyst Private Wealth LLC now owns 6,617 shares of the ride-sharing company’s stock valued at $399,000 after purchasing an additional 191 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in shares of Uber Technologies by 54.6% in the 4th quarter. Peddock Capital Advisors LLC now owns 7,486 shares of the ride-sharing company’s stock worth $452,000 after purchasing an additional 2,644 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Uber Technologies by 36.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 15,018 shares of the ride-sharing company’s stock worth $906,000 after buying an additional 4,050 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its position in Uber Technologies by 18.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 35,867 shares of the ride-sharing company’s stock valued at $2,163,000 after buying an additional 5,633 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. Wolfe Research increased their price target 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. Jefferies Financial Group raised their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Raymond James assumed coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Price Performance

UBER stock opened at $65.74 on Tuesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $138.43 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a fifty day simple moving average of $66.76 and a two-hundred day simple moving average of $70.48. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Uber Technologies 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.