Moss Adams Wealth Advisors LLC Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Moss Adams Wealth Advisors LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,185 shares of the ride-sharing company’s stock after selling 3,074 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Uber Technologies were worth $614,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Intech Investment Management LLC boosted its position in Uber Technologies by 138.7% in the 2nd quarter. Intech Investment Management LLC now owns 108,598 shares of the ride-sharing company’s stock valued at $7,893,000 after buying an additional 63,093 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Uber Technologies by 6.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,236 shares of the ride-sharing company’s stock valued at $2,052,000 after acquiring an additional 1,717 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Uber Technologies by 31.0% in the second quarter. Hollencrest Capital Management now owns 2,809 shares of the ride-sharing company’s stock valued at $204,000 after purchasing an additional 665 shares during the period. AE Wealth Management LLC grew its stake in Uber Technologies by 25.8% during the 2nd quarter. AE Wealth Management LLC now owns 125,435 shares of the ride-sharing company’s stock worth $9,117,000 after purchasing an additional 25,692 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Uber Technologies by 3.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 381,485 shares of the ride-sharing company’s stock worth $27,772,000 after purchasing an additional 14,121 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity 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 3.80% of the company’s stock.

Uber Technologies Stock Down 1.9 %

UBER stock opened at $67.30 on Friday. The stock has a market capitalization of $141.71 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a fifty day moving average of $66.24 and a 200-day moving average of $70.36. 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, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, analysts expect that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBER. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. JMP Securities lowered shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a report on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

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.