Alan B Lancz & Associates Inc. Sells 700 Shares of Uber Technologies, Inc. (NYSE:UBER)

Alan B Lancz & Associates Inc. reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,900 shares of the ride-sharing company’s stock after selling 700 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Uber Technologies were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of UBER. CVA Family Office LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $30,000. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares in the last quarter. Bfsg LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its position in Uber Technologies by 82.9% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after purchasing an additional 262 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the business’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 completion of the sale, 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 corporate insiders.

Uber Technologies Price Performance

Shares of UBER stock traded up $0.66 on Friday, hitting $69.23. 15,557,671 shares of the stock traded hands, compared to its average volume of 18,839,496. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $75.33 and a two-hundred day simple moving average of $65.13. Uber Technologies, Inc. has a 52 week low of $36.69 and a 52 week high of $82.14. The firm has a market cap of $144.09 billion, a price-to-earnings ratio of 80.50, a PEG ratio of 1.08 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Roth Mkm boosted their price objective on shares of Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Gordon Haskett cut 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. Jefferies Financial Group raised their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Truist Financial increased their price target 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. Finally, TheStreet raised Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.65.

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.