Wealth Alliance Sells 2,669 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wealth Alliance lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,405 shares of the ride-sharing company’s stock after selling 2,669 shares during the period. Wealth Alliance’s holdings in Uber Technologies were worth $1,072,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Uber Technologies in the 4th quarter valued at about $580,568,000. Altimeter Capital Management LP increased its position in shares of Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after acquiring an additional 19,260,000 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after acquiring an additional 14,386,205 shares during the last quarter. Davidson Kempner Capital Management LP increased its position in shares of Uber Technologies by 104.0% in the first quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company’s stock valued at $15,850,000 after acquiring an additional 13,000,000 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $178,126,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Moffett Nathanson reaffirmed a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Argus raised their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Mizuho boosted their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Truist Financial raised their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Susquehanna boosted their target price on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.21.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $74.13 on Wednesday. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a 50-day simple moving average of $76.91 and a two-hundred day simple moving average of $63.22. The stock has a market capitalization of $154.29 billion, a price-to-earnings ratio of 86.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 1.2 EPS for the current year.

Insider Buying and Selling at Uber Technologies

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

Uber Technologies 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.