Motco Cuts Position in Uber Technologies, Inc. (NYSE:UBER)

Motco trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 500 shares of the ride-sharing company’s stock after selling 175 shares during the period. Motco’s holdings in Uber Technologies were worth $30,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UBER. Private Trust Co. NA boosted its holdings in Uber Technologies by 69.1% in the fourth quarter. Private Trust Co. NA now owns 25,408 shares of the ride-sharing company’s stock valued at $1,533,000 after purchasing an additional 10,381 shares in the last quarter. Pettyjohn Wood & White Inc. acquired a new position in Uber Technologies in the fourth quarter valued at approximately $651,000. Parkside Financial Bank & Trust boosted its holdings in Uber Technologies by 9.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,130 shares of the ride-sharing company’s stock valued at $309,000 after purchasing an additional 432 shares in the last quarter. Verus Capital Partners LLC boosted its holdings in shares of Uber Technologies by 55.5% in the fourth quarter. Verus Capital Partners LLC now owns 4,990 shares of the ride-sharing company’s stock valued at $301,000 after acquiring an additional 1,782 shares during the period. Finally, Fort Sheridan Advisors LLC boosted its holdings in shares of Uber Technologies by 22.7% in the fourth quarter. Fort Sheridan Advisors LLC now owns 4,455 shares of the ride-sharing company’s stock valued at $269,000 after acquiring an additional 824 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.5 %

Shares of UBER stock opened at $76.07 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market cap of $158.90 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a fifty day simple moving average of $69.53 and a 200-day simple moving average of $71.53. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UBER shares. Wells Fargo & Company decreased their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.94.

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.