Westbourne Investment Advisors Inc. Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Westbourne Investment Advisors Inc. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 205,723 shares of the ride-sharing company’s stock after selling 2,613 shares during the period. Uber Technologies comprises 5.1% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. Westbourne Investment Advisors Inc.’s holdings in Uber Technologies were worth $12,666,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UBER. CVA Family Office LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at about $30,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in 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 valued at $27,000 after acquiring an additional 560 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Uber Technologies during the 3rd quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Uber Technologies during the 3rd quarter worth $28,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Uber Technologies by 319.4% during 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 last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. UBS Group lifted their price objective on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research report on Wednesday, January 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Thursday, February 15th. Mizuho lifted their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group upped their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.41.

Insiders Place Their Bets

In other Uber Technologies news, 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 value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Tony West sold 18,750 shares of the 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 owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.70 during mid-day trading on Thursday, hitting $77.41. 4,578,815 shares of the stock were exchanged, compared to its average volume of 20,143,625. The firm’s 50-day simple moving average is $74.26 and its 200 day simple moving average is $60.24. The stock has a market capitalization of $160.74 billion, a price-to-earnings ratio of 89.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

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