SeaCrest Wealth Management LLC Sells 10,438 Shares of Uber Technologies, Inc. $UBER

SeaCrest Wealth Management LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 22.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,060 shares of the ride-sharing company’s stock after selling 10,438 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Uber Technologies were worth $3,580,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kilter Group LLC bought a new position in Uber Technologies in the 2nd quarter valued at $26,000. Westend Capital Management LLC bought a new stake in shares of Uber Technologies during the 3rd quarter worth $27,000. Total Investment Management Inc. purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Uber Technologies in the 3rd quarter worth about $34,000. Finally, Howard Hughes Medical Institute bought a new position in Uber Technologies during the second quarter valued at about $42,000. 80.24% of the stock is currently owned by institutional investors.

Trending Headlines about Uber Technologies

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Uber Technologies Stock Performance

Shares of UBER stock traded up $1.54 during trading on Friday, reaching $74.51. 2,360,599 shares of the company’s stock traded hands, compared to its average volume of 21,152,172. The firm’s 50-day moving average is $77.89 and its 200 day moving average is $86.75. The company has a market capitalization of $153.35 billion, a P/E ratio of 15.73, a PEG ratio of 6.87 and a beta of 1.22. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBERGet Free Report) last issued its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The business had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the purchase, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the sale, the insider directly owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Guggenheim reduced their target price on shares of Uber Technologies from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price target on shares of Uber Technologies in a research note on Thursday, February 5th. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Thursday, December 18th. Finally, Wedbush decreased their target price on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.29.

Read Our Latest Stock Report on UBER

Uber Technologies Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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