Uber Technologies, Inc. (NYSE:UBER) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 13.8% during the fourth quarter, HoldingsChannel reports. The firm owned 26,312 shares of the ride-sharing company’s stock after selling 4,217 shares during the period. SeaCrest Wealth Management LLC’s holdings in Uber Technologies were worth $1,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in Uber Technologies by 28.7% during the first quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock worth $822,000 after buying an additional 5,142 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Uber Technologies during the first quarter worth about $3,359,000. Panagora Asset Management Inc. raised its position in Uber Technologies by 29.3% in the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock valued at $808,000 after purchasing an additional 5,134 shares during the period. Yousif Capital Management LLC lifted its stake in Uber Technologies by 11.7% during the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock worth $938,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Uber Technologies by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock worth $40,838,000 after buying an additional 168,475 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on UBER shares. KeyCorp boosted their price objective on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Truist Financial boosted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. UBS Group increased their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, BMO Capital Markets boosted their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.41.

Uber Technologies Stock Performance

NYSE UBER traded down $1.14 during trading hours on Thursday, hitting $76.97. 13,416,887 shares of the stock were exchanged, compared to its average volume of 20,295,779. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $74.50 and a 200 day moving average of $60.36. The company has a market cap of $159.83 billion, a price-to-earnings ratio of 89.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. Uber Technologies’s revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the stock in a transaction 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 transaction, the insider now directly 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 at this link. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

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.