Hartford Investment Management Co. Sells 2,174 Shares of Uber Technologies, Inc. (NYSE:UBER)

Hartford Investment Management Co. reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,151 shares of the ride-sharing company’s stock after selling 2,174 shares during the quarter. Hartford Investment Management Co.’s holdings in Uber Technologies were worth $7,851,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in UBER. Gladstone Institutional Advisory LLC grew its holdings in shares of Uber Technologies by 233.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 64,623 shares of the ride-sharing company’s stock valued at $3,898,000 after purchasing an additional 45,222 shares during the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Uber Technologies by 2.1% in the 4th quarter. Capital Advisors Inc. OK now owns 515,240 shares of the ride-sharing company’s stock valued at $31,079,000 after purchasing an additional 10,843 shares during the last quarter. Certuity LLC increased its holdings in Uber Technologies by 15.0% in the fourth quarter. Certuity LLC now owns 6,802 shares of the ride-sharing company’s stock worth $410,000 after purchasing an additional 888 shares in the last quarter. Warther Private Wealth LLC lifted its position in shares of Uber Technologies by 158.6% during the 4th quarter. Warther Private Wealth LLC now owns 156,408 shares of the ride-sharing company’s stock valued at $9,435,000 after acquiring an additional 95,935 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in shares of Uber Technologies by 2,198.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 25,623 shares of the ride-sharing company’s stock worth $1,546,000 after purchasing an additional 24,508 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s 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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Truist Financial decreased their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Bank of America upped their price target 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. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $76.90 on Wednesday. The firm’s 50 day moving average price is $65.45 and its 200-day moving average price is $70.26. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $161.93 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results 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%. Equities research analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current year.

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.