Stratos Investment Management LLC Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Stratos Investment Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 46.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,359 shares of the ride-sharing company’s stock after selling 47,667 shares during the period. Stratos Investment Management LLC’s holdings in Uber Technologies were worth $3,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of UBER. Stratos Wealth Advisors LLC lifted its holdings in Uber Technologies by 56.8% in the fourth quarter. Stratos Wealth Advisors LLC now owns 8,353 shares of the ride-sharing company’s stock valued at $504,000 after acquiring an additional 3,026 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Uber Technologies by 1.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 73,752 shares of the ride-sharing company’s stock worth $4,449,000 after acquiring an additional 1,271 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Uber Technologies by 2.4% during the 4th quarter. Retirement Systems of Alabama now owns 1,107,558 shares of the ride-sharing company’s stock worth $66,808,000 after purchasing an additional 25,756 shares during the period. Sargent Investment Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $550,000. Finally, Redwood Wealth Management Group LLC boosted its position in shares of Uber Technologies by 6.3% during the fourth quarter. Redwood Wealth Management Group LLC now owns 8,955 shares of the ride-sharing company’s stock worth $540,000 after buying an additional 530 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $69.71 on Wednesday. The company has a 50-day simple moving average of $65.49 and a 200-day simple moving average of $70.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $146.79 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UBER. Loop Capital lifted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Jefferies Financial Group upped 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. Wells Fargo & Company lowered their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America raised their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, UBS Group dropped their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.89.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the 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 directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by corporate insiders.

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.