Larson Financial Group LLC Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Larson Financial Group LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,585 shares of the ride-sharing company’s stock after selling 197 shares during the period. Larson Financial Group LLC’s holdings in Uber Technologies were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in UBER. CVA Family Office LLC purchased a new position in Uber Technologies in the fourth quarter worth approximately $30,000. Highlander Capital Management LLC grew its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Blue Bell Private Wealth Management LLC grew its position in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after buying an additional 262 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup raised their price target on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Nomura lowered Uber Technologies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $59.00 to $62.00 in a research report on Friday, December 29th. Mizuho raised their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Jefferies Financial Group raised their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Uber Technologies Stock Down 0.1 %

UBER opened at $69.31 on Friday. The business’s 50-day simple moving average is $76.49 and its 200-day simple moving average is $64.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The stock has a market capitalization of $144.26 billion, a P/E ratio of 80.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping 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 business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.22 EPS for the current 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.