Daymark Wealth Partners LLC Sells 1,664 Shares of Uber Technologies, Inc. (NYSE:UBER)

Daymark Wealth Partners LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,623 shares of the ride-sharing company’s stock after selling 1,664 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Uber Technologies were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UBER. Albion Financial Group UT raised its position in Uber Technologies by 2,061.8% in the fourth quarter. Albion Financial Group UT now owns 93,151 shares of the ride-sharing company’s stock worth $5,619,000 after purchasing an additional 88,842 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Uber Technologies by 3.7% in the 4th quarter. Dakota Wealth Management now owns 51,060 shares of the ride-sharing company’s stock valued at $3,080,000 after purchasing an additional 1,817 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Uber Technologies by 9.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 388,677 shares of the ride-sharing company’s stock worth $23,445,000 after buying an additional 34,515 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $3,705,000. Finally, Beaumont Financial Advisors LLC boosted its stake in Uber Technologies by 14.3% in the 4th quarter. Beaumont Financial Advisors LLC now owns 3,386 shares of the ride-sharing company’s stock valued at $204,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Thursday, October 17th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. UBS Group lifted their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. Seven equities research 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 company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.7 %

Shares of Uber Technologies stock opened at $68.28 on Friday. 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 capitalization of $143.77 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The business has a 50-day moving average of $66.02 and a two-hundred day moving average of $70.29. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.91 EPS for the current 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.