Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,716 shares of the ride-sharing company’s stock after selling 415 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Uber Technologies were worth $827,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Avaii Wealth Management LLC lifted its stake in Uber Technologies by 45.6% in the fourth quarter. Avaii Wealth Management LLC now owns 6,663 shares of the ride-sharing company’s stock valued at $402,000 after buying an additional 2,088 shares during the last quarter. Consolidated Investment Group LLC raised its stake in shares of Uber Technologies by 80.7% during the fourth quarter. Consolidated Investment Group LLC now owns 68,300 shares of the ride-sharing company’s stock valued at $4,120,000 after purchasing an additional 30,500 shares in the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Uber Technologies by 94.8% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 4,417 shares of the ride-sharing company’s stock valued at $266,000 after purchasing an additional 2,150 shares in the last quarter. Asio Capital LLC raised its stake in shares of Uber Technologies by 2.5% during the fourth quarter. Asio Capital LLC now owns 106,764 shares of the ride-sharing company’s stock valued at $6,440,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Echo Wealth Management LLC raised its stake in shares of Uber Technologies by 10.5% during the fourth quarter. Echo Wealth Management LLC now owns 12,595 shares of the ride-sharing company’s stock valued at $760,000 after purchasing an additional 1,200 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Analysis on UBER
Uber Technologies Trading Down 1.0 %
Shares of NYSE UBER opened at $68.08 on Wednesday. The stock has a market cap of $143.35 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 0.77 and a beta of 1.36. The business has a 50 day simple moving average of $65.83 and a 200 day simple moving average of $70.19. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share 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 during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts predict that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal 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.
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