Opal Wealth Advisors LLC Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Opal Wealth Advisors LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,898 shares of the ride-sharing company’s stock after selling 476 shares during the period. Opal Wealth Advisors LLC’s holdings in Uber Technologies were worth $537,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UBER. AMF Tjanstepension AB bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $163,468,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Uber Technologies by 327.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,166 shares of the ride-sharing company’s stock valued at $1,065,000 after acquiring an additional 10,851 shares during the period. Ritholtz Wealth Management grew its position in Uber Technologies by 53.9% during the third quarter. Ritholtz Wealth Management now owns 35,445 shares of the ride-sharing company’s stock valued at $2,664,000 after buying an additional 12,419 shares during the period. CRA Financial Services LLC lifted its position in Uber Technologies by 5.5% during the third quarter. CRA Financial Services LLC now owns 3,386 shares of the ride-sharing company’s stock valued at $254,000 after purchasing an additional 175 shares in the last quarter. Finally, Carnegie Investment Counsel bought a new stake in Uber Technologies during the 3rd quarter worth approximately $742,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Tigress Financial raised their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $74.76 on Monday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a market capitalization of $157.43 billion, a P/E ratio of 16.40, a P/E/G 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 business’s 50 day moving average is $65.34 and its two-hundred day moving average is $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 net margin of 22.41% and a return on equity of 62.60%. Analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal 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.