Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,668 shares of the ride-sharing company’s stock after selling 7,672 shares during the period. Sigma Planning Corp’s holdings in Uber Technologies were worth $2,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. CENTRAL TRUST Co increased its position in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after buying an additional 127 shares in the last quarter. Jmac Enterprises LLC increased its position in Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after buying an additional 150 shares in the last quarter. Canopy Partners LLC grew its stake in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. Drive Wealth Management LLC grew its stake in Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after purchasing an additional 155 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its stake in Uber Technologies by 2.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 155 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UBER. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Wolfe Research boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $90.94.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $78.89 on Monday. The stock has a market cap of $164.79 billion, a PE ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a one year low of $54.84 and a one year 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 stock has a 50 day moving average price of $68.05 and a 200 day moving average price of $71.34.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS 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 expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.