Geller Advisors LLC Lowers Holdings in Uber Technologies, Inc. (NYSE:UBER)

Geller Advisors LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,049 shares of the ride-sharing company’s stock after selling 282 shares during the quarter. Geller Advisors LLC’s holdings in Uber Technologies were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter worth $33,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on UBER. KGI Securities restated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Piper Sandler restated 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. Wells Fargo & Company increased their price target on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. KeyCorp boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Uber Technologies Stock Up 0.4 %

UBER stock opened at $82.60 on Friday. The company has a market capitalization of $172.73 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The firm’s fifty day simple moving average is $74.72 and its 200-day simple moving average is $71.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,904 shares of company stock valued at $6,027,619. 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.