ACT Wealth Management LLC Sells 450 Shares of Uber Technologies, Inc. (NYSE:UBER)

ACT Wealth Management LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,356 shares of the ride-sharing company’s stock after selling 450 shares during the period. Uber Technologies comprises 0.2% of ACT Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. ACT Wealth Management LLC’s holdings in Uber Technologies were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its position in shares of Uber Technologies by 2.1% during the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after purchasing an additional 200 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Uber Technologies by 18.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,299 shares of the ride-sharing company’s stock worth $80,000 after purchasing an additional 200 shares in the last quarter. Montag A & Associates Inc. lifted its position in Uber Technologies by 5.1% during the third quarter. Montag A & Associates Inc. now owns 4,202 shares of the ride-sharing company’s stock valued at $193,000 after purchasing an additional 203 shares in the last quarter. Choreo LLC raised its stake in shares of Uber Technologies by 2.3% in the third quarter. Choreo LLC now owns 9,761 shares of the ride-sharing company’s stock worth $449,000 after buying an additional 216 shares during the period. Finally, Horizon Investments LLC lifted its position in shares of Uber Technologies by 2.3% during the 2nd quarter. Horizon Investments LLC now owns 10,529 shares of the ride-sharing company’s stock valued at $455,000 after buying an additional 240 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

NYSE:UBER opened at $78.06 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 52 week low of $29.22 and a 52 week high of $82.14. The stock’s 50-day moving average price is $74.26 and its 200-day moving average price is $60.24. The stock has a market capitalization of $162.09 billion, a PE ratio of 90.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the 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 $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies 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 sale, 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. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial raised 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. BMO Capital Markets increased their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price target 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. Piper Sandler raised their price target on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Roth Mkm upped their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.41.

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.