WealthPlan Investment Management LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

WealthPlan Investment Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,881 shares of the ride-sharing company’s stock after selling 373 shares during the period. WealthPlan Investment Management LLC’s holdings in Uber Technologies were worth $415,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Spinnaker Trust increased its position in shares of Uber Technologies by 6.8% during the 4th quarter. Spinnaker Trust now owns 82,634 shares of the ride-sharing company’s stock valued at $4,984,000 after purchasing an additional 5,229 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Uber Technologies by 280.5% during the 4th quarter. Center for Financial Planning Inc. now owns 2,473 shares of the ride-sharing company’s stock valued at $149,000 after purchasing an additional 1,823 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $395,000. Valeo Financial Advisors LLC increased its holdings in Uber Technologies by 54.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 39,507 shares of the ride-sharing company’s stock worth $2,383,000 after acquiring an additional 13,872 shares in the last quarter. Finally, DeDora Capital Inc. increased its holdings in Uber Technologies by 1.8% in the 4th quarter. DeDora Capital Inc. now owns 15,134 shares of the ride-sharing company’s stock worth $913,000 after acquiring an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UBER shares. Wells Fargo & Company reduced their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wolfe Research increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, Citigroup cut their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.70.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Down 1.2 %

Uber Technologies stock opened at $79.31 on Friday. 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 company has a market capitalization of $167.00 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock has a 50-day moving average price of $66.27 and a 200 day moving average price of $70.64.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current 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.