Uber Technologies, Inc. (NYSE:UBER) Stock Position Reduced by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 72.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,793 shares of the ride-sharing company’s stock after selling 15,211 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Uber Technologies were worth $349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Financial Management Professionals Inc. grew its stake in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies in the fourth quarter worth $35,000. Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at $33,000. Finally, Transcendent Capital Group LLC boosted its holdings in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. UBS Group decreased their price objective on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Buying and Selling at Uber Technologies

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

Uber Technologies Trading Up 6.8 %

Uber Technologies stock opened at $74.76 on Monday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $157.43 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a 50 day moving average price of $65.34 and a 200 day moving average price of $70.14.

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

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.