ACT Wealth Management LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

ACT Wealth Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,356 shares of the ride-sharing company’s stock after selling 450 shares during the period. Uber Technologies comprises approximately 0.2% of ACT Wealth Management LLC’s holdings, making the stock its 23rd largest holding. ACT Wealth Management LLC’s holdings in Uber Technologies were worth $391,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UBER. CVA Family Office LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $30,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares during the period. OFI Invest Asset Management bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Uber Technologies during the third quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 495 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 in the company, valued at $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was 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 in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UBER shares. BTIG Research boosted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group increased their price target on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Piper Sandler upped their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Mizuho lifted their price target on Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $75.41.

Uber Technologies Trading Down 0.1 %

Uber Technologies stock opened at $78.06 on Thursday. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. 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 firm has a market capitalization of $162.09 billion, a price-to-earnings ratio of 90.83, a PEG ratio of 1.26 and a beta of 1.37. The firm has a 50-day moving average price of $74.26 and a two-hundred day moving average price of $60.24.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results 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. The firm 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%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

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.