Bulltick Wealth Management LLC Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bulltick Wealth Management LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,983 shares of the ride-sharing company's stock after selling 29,032 shares during the period. Bulltick Wealth Management LLC's holdings in Uber Technologies were worth $3,015,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of UBER. Avion Wealth boosted its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC bought a new position in Uber Technologies in the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the fourth quarter worth about $28,000. GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 0.7 %

Shares of NYSE UBER traded up $0.63 during trading on Tuesday, hitting $86.06. 30,237,875 shares of the company were exchanged, compared to its average volume of 20,319,763. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a fifty day moving average price of $74.26 and a 200-day moving average price of $71.47. The firm has a market capitalization of $180.03 billion, a PE ratio of 18.87, a P/E/G ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UBER shares. TD Cowen reduced their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KGI Securities reiterated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Piper Sandler reissued an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. Finally, KeyCorp reduced their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

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.