Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,169 shares of the ride-sharing company’s stock after selling 6,790 shares during the period. Atria Wealth Solutions Inc.’s holdings in Uber Technologies were worth $12,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Advisory Inc. lifted its position in Uber Technologies by 1,108.6% during the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Uber Technologies during the third quarter valued at $272,625,000. Jericho Capital Asset Management L.P. acquired a new position in Uber Technologies during the third quarter valued at $187,111,000. Winslow Capital Management LLC lifted its position in Uber Technologies by 33.6% during the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after purchasing an additional 2,278,252 shares during the period. Finally, Vanguard Group Inc. lifted its position in Uber Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America lifted their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Susquehanna lifted their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, February 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, March 28th. Mizuho lifted their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.94.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s 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 transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s 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 transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.8 %

NYSE:UBER traded up $0.54 on Thursday, hitting $69.90. The stock had a trading volume of 8,352,525 shares, compared to its average volume of 19,595,281. 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 market cap of $145.49 billion, a price-to-earnings ratio of 80.62, a PEG ratio of 1.12 and a beta of 1.36. The company has a fifty day moving average price of $76.73 and a two-hundred day moving average price of $64.15. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

About Uber Technologies

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.