Uber Technologies, Inc. (NYSE:UBER) Stock Position Reduced by Geneva Partners LLC

Geneva Partners LLC cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,920 shares of the ride-sharing company’s stock after selling 1,200 shares during the period. Uber Technologies makes up 4.9% of Geneva Partners LLC’s holdings, making the stock its biggest holding. Geneva Partners LLC’s holdings in Uber Technologies were worth $8,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $28,000. JFS Wealth Advisors LLC raised its stake 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 valued at $30,000 after acquiring an additional 495 shares during the period. Finally, CVA Family Office LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $30,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.9 %

Shares of Uber Technologies stock traded down $2.08 during trading hours on Friday, hitting $69.22. The company had a trading volume of 23,174,722 shares, compared to its average volume of 19,588,287. The company’s 50-day moving average is $76.89 and its two-hundred day moving average is $63.50. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The company has a market cap of $144.07 billion, a P/E ratio of 80.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group upped their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Argus upped their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Gordon Haskett downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’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 completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction 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 transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

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.