Uber Technologies, Inc. $UBER Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 89.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,654 shares of the ride-sharing company’s stock after selling 29,597 shares during the quarter. Valmark Advisers Inc.’s holdings in Uber Technologies were worth $358,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UBER. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Bison Wealth LLC lifted its stake in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares in the last quarter. Caxton Associates LLP purchased a new position in Uber Technologies in the 1st quarter valued at about $304,000. Finally, GK Wealth Management LLC boosted its holdings in Uber Technologies by 46.7% in the 2nd quarter. GK Wealth Management LLC now owns 5,006 shares of the ride-sharing company’s stock worth $467,000 after buying an additional 1,593 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $84.63 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average is $86.25 and its two-hundred day moving average is $91.29. The firm has a market capitalization of $175.84 billion, a P/E ratio of 10.88 and a beta of 1.20. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on UBER shares. Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Morgan Stanley decreased their price objective on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Finally, DA Davidson lifted their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.14.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,875 shares of company stock worth $1,348,818 over the last ninety days. 3.70% of the stock is owned by insiders.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.