Prosperity Wealth Management Inc. Lowers Stake in Uber Technologies, Inc. (NYSE:UBER)

Prosperity Wealth Management Inc. cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,020 shares of the ride-sharing company’s stock after selling 721 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Uber Technologies were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new position in Uber Technologies during the 3rd quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Uber Technologies during the 3rd quarter worth approximately $28,000. JFS Wealth Advisors LLC increased its stake in Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter valued at approximately $30,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

NYSE UBER traded up $0.73 during mid-day trading on Wednesday, hitting $74.13. The stock had a trading volume of 14,513,119 shares, compared to its average volume of 13,802,678. The firm’s 50 day moving average is $76.91 and its 200 day moving average is $63.22. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $154.29 billion, a price-to-earnings ratio of 86.20, a PEG ratio of 1.18 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on UBER shares. TheStreet raised Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Mizuho raised their price objective on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Susquehanna increased their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Finally, Barclays lifted their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $78.21.

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.