Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,813 shares of the ride-sharing company’s stock after selling 950 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Uber Technologies were worth $4,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GHP Investment Advisors Inc. grew its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth $35,000. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Finally, Transcendent Capital Group LLC raised its holdings in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 6.8 %

UBER stock opened at $74.76 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market cap of $157.43 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a fifty day moving average price of $65.34 and a 200 day moving average price of $70.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was 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 $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UBER shares. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday. KeyCorp lowered their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Loop Capital boosted their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Company 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.