SteelPeak Wealth LLC Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

SteelPeak Wealth LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 26.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 52,309 shares of the ride-sharing company’s stock after selling 18,563 shares during the period. SteelPeak Wealth LLC’s holdings in Uber Technologies were worth $3,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ascent Wealth Partners LLC purchased a new position in shares of Uber Technologies in the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky increased its holdings in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies in the third quarter valued at about $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies during the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies during the third quarter worth about $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’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 transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday. Jefferies Financial Group lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group raised their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Truist Financial cut their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Seven investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Trading Down 1.0 %

Shares of NYSE:UBER opened at $68.08 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $65.83 and its 200 day moving average price is $70.19. The company has a market cap of $143.35 billion, a PE ratio of 33.87, a P/E/G ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

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.