Investment Research & Advisory Group Inc. Sells 201 Shares of Uber Technologies, Inc. (NYSE:UBER)

Investment Research & Advisory Group Inc. reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,360 shares of the ride-sharing company’s stock after selling 201 shares during the period. Uber Technologies comprises about 1.0% of Investment Research & Advisory Group Inc.’s investment portfolio, making the stock its 19th largest holding. Investment Research & Advisory Group Inc.’s holdings in Uber Technologies were worth $3,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UBER. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $35,000. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC increased its holdings in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. Finally, Loop Capital raised their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Seven research 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 company has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Performance

Shares of UBER stock opened at $68.59 on Friday. The stock’s 50-day moving average price is $65.86 and its 200 day moving average price is $70.25. 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 stock has a market capitalization of $144.42 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-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 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 business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.86 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.84% of the company’s stock.

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.