SeaCrest Wealth Management LLC Has $1.52 Million Position in Uber Technologies, Inc. (NYSE:UBER)

SeaCrest Wealth Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,312 shares of the ride-sharing company’s stock after selling 4,217 shares during the period. SeaCrest Wealth Management LLC’s holdings in Uber Technologies were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UBER. Vanguard Group Inc. boosted its holdings in Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after acquiring an additional 2,067,098 shares during the last quarter. Altimeter Capital Management LP boosted its holdings in Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies in the 4th quarter worth about $580,568,000. Capital World Investors increased its stake in Uber Technologies by 18.5% in the 1st quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock valued at $787,480,000 after buying an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock worth $651,575,000 after buying an additional 615,942 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, February 15th. Roth Mkm raised their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Mizuho boosted their target price on Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Oppenheimer increased their price target on Uber Technologies from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Finally, Piper Sandler boosted their price objective on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $75.41.

Uber Technologies Trading Down 1.5 %

Uber Technologies stock traded down $1.14 during trading hours on Thursday, reaching $76.97. The stock had a trading volume of 13,416,887 shares, compared to its average volume of 20,295,779. 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, Inc. has a 52 week low of $29.22 and a 52 week high of $82.14. The stock has a market cap of $159.83 billion, a PE ratio of 89.50, a PEG ratio of 1.26 and a beta of 1.37. The company has a fifty day simple moving average of $74.50 and a 200-day simple moving average of $60.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity

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 sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, 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 Company 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.