Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Signaturefd LLC

Posted by Defense World Staff on Apr 15th, 2023

Signaturefd LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,955 shares of the ride-sharing company’s stock after selling 3,179 shares during the period. Signaturefd LLC’s holdings in Uber Technologies were worth $395,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Center for Financial Planning Inc. lifted its position in shares of Uber Technologies by 13,000.0% during the third quarter. Center for Financial Planning Inc. now owns 1,310 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 1,300 shares in the last quarter. Motco acquired a new stake in Uber Technologies in the third quarter valued at $35,000. American National Bank acquired a new stake in Uber Technologies in the third quarter valued at $40,000. EverSource Wealth Advisors LLC raised its holdings in Uber Technologies by 44.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,533 shares of the ride-sharing company’s stock valued at $40,000 after acquiring an additional 472 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Uber Technologies by 56.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 428 shares in the last quarter. 71.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $32.00, for a total value of $133,344.00. Following the transaction, the insider now owns 166,499 shares of the company’s stock, valued at approximately $5,327,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 price target on shares of Uber Technologies in a report on Monday, April 3rd. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Uber Technologies in a report on Wednesday, February 8th. Jefferies Financial Group started coverage on shares of Uber Technologies in a report on Monday, January 9th. They set a “buy” rating and a $38.00 target price on the stock. Barclays dropped their target price on shares of Uber Technologies from $54.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, February 9th. Finally, Cowen dropped their target price on shares of Uber Technologies from $70.00 to $66.00 in a report on Thursday, January 26th. Two analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Uber Technologies Stock Up 0.1 %

Uber Technologies stock opened at $31.48 on Friday. The stock has a market cap of $63.40 billion, a price-to-earnings ratio of -6.71 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $32.83 and its two-hundred day moving average price is $29.54. Uber Technologies, Inc. has a 52 week low of $19.90 and a 52 week high of $37.58.

Uber Technologies (NYSE:UBER – Get Rating) last released its earnings results on Wednesday, February 8th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.50. The firm had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Uber Technologies had a negative net margin of 28.68% and a negative return on equity of 114.18%. Uber Technologies’s quarterly revenue was up 49.0% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. On average, analysts expect that Uber Technologies, Inc. will post -0.13 EPS for the current fiscal year.

Uber Technologies Profile

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Uber Technologies, Inc is a technology platform, which engages in the development and operation of technology applications, network, and product to power movement from point A to point B. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services.