TFB Advisors LLC Reduces Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

TFB Advisors LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,478 shares of the ride-sharing company’s stock after selling 988 shares during the quarter. TFB Advisors LLC’s holdings in Uber Technologies were worth $391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. raised its position in shares of 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 purchasing an additional 252 shares during the last quarter. Finally, Transcendent Capital Group LLC lifted its stake in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 3.2 %

Shares of Uber Technologies stock opened at $79.45 on Thursday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market cap of $167.30 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $65.56 and a 200 day moving average price of $70.34.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.70.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s 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 directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

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.