Westside Investment Management Inc. Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Westside Investment Management Inc. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,010 shares of the ride-sharing company’s stock after selling 2,918 shares during the period. Uber Technologies comprises approximately 1.6% of Westside Investment Management Inc.’s holdings, making the stock its 11th biggest holding. Westside Investment Management Inc.’s holdings in Uber Technologies were worth $7,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC boosted its position in shares of Uber Technologies by 20.3% in the second quarter. Fidelis Capital Partners LLC now owns 5,063 shares of the ride-sharing company’s stock worth $368,000 after buying an additional 853 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Uber Technologies by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 11,189 shares of the ride-sharing company’s stock worth $813,000 after acquiring an additional 3,835 shares during the period. Samlyn Capital LLC acquired a new stake in Uber Technologies in the second quarter valued at approximately $134,987,000. Gateway Advisory LLC lifted its position in shares of Uber Technologies by 5.7% during the second quarter. Gateway Advisory LLC now owns 9,107 shares of the ride-sharing company’s stock worth $662,000 after purchasing an additional 490 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Uber Technologies by 61.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,834 shares of the ride-sharing company’s stock valued at $26,080,000 after purchasing an additional 136,966 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.4 %

UBER stock opened at $68.04 on Wednesday. The firm has a market cap of $143.27 billion, a PE ratio of 33.84, a P/E/G ratio of 0.72 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a 50 day simple moving average of $66.16 and a 200 day simple moving average of $70.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. DA Davidson raised their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

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.