Bard Financial Services Inc. Has $787,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Bard Financial Services Inc. cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,050 shares of the ride-sharing company’s stock after selling 3,825 shares during the quarter. Bard Financial Services Inc.’s holdings in Uber Technologies were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the period. Edgewood Management LLC increased its position in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. AMF Tjanstepension AB acquired a new position in shares of Uber Technologies in the third quarter valued at $163,468,000. Nordea Investment Management AB lifted its position in Uber Technologies by 1,370.1% in the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock worth $134,144,000 after purchasing an additional 2,064,382 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after buying an additional 2,056,273 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 3.3 %

NYSE:UBER traded up $2.11 during mid-day trading on Monday, hitting $66.70. The company had a trading volume of 21,858,651 shares, compared to its average volume of 25,112,881. The firm has a market cap of $140.45 billion, a P/E ratio of 33.18, a P/E/G ratio of 0.75 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business’s fifty day moving average is $67.98 and its two-hundred day moving average is $70.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the firm earned $0.10 EPS. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Thursday, October 31st. Finally, JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is owned by company insiders.

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.