Icon Wealth Advisors LLC Has $215,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Icon Wealth Advisors LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 63.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,855 shares of the ride-sharing company’s stock after selling 4,922 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Uber Technologies were worth $215,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC raised its holdings in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares during the last quarter. MCF Advisors LLC raised its holdings in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Founders Capital Management acquired a new position in Uber Technologies during the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Uber Technologies during the second quarter worth $36,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.7 %

UBER stock opened at $71.51 on Monday. The company has a market capitalization of $150.58 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company’s 50 day moving average price is $75.47 and its two-hundred day moving average price is $71.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. 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 Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.80% of the company’s stock.

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.