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

Wealth Alliance decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Norges Bank acquired a new position in shares of Uber Technologies in the fourth quarter worth about $580,568,000. Altimeter Capital Management LP lifted its stake 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 worth $1,193,422,000 after acquiring an additional 19,260,000 shares in the last quarter. Brown Advisory Inc. lifted its stake 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 worth $721,301,000 after acquiring an additional 14,386,205 shares in the last quarter. Davidson Kempner Capital Management LP lifted its stake 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 worth $15,850,000 after acquiring an additional 13,000,000 shares in the last quarter. Finally, Steadfast Capital Management LP acquired a new position in shares of Uber Technologies in the fourth quarter worth about $178,126,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of 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.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group boosted their price target on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Argus upped their price objective on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Jefferies Financial Group upped their price objective on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Finally, Bank of America upped their price objective on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.21.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $74.13 on Wednesday. The stock has a fifty day moving average price of $76.91 and a two-hundred day moving average price of $63.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $154.29 billion, a P/E ratio of 86.20, a PEG ratio of 1.18 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 1.2 EPS for the current fiscal 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.