Sfmg LLC Has $646,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Sfmg LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,484 shares of the ride-sharing company’s stock after selling 4,048 shares during the quarter. Sfmg LLC’s holdings in Uber Technologies were worth $646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new stake in Uber Technologies in the 3rd quarter valued at about $28,000. JFS Wealth Advisors LLC increased its position in Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 495 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $30,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. BTIG Research boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Wells Fargo & Company boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Jefferies Financial Group boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Mizuho boosted their target price on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.21.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.73 during trading on Wednesday, hitting $74.13. 14,513,119 shares of the company were exchanged, compared to its average volume of 13,802,678. The company has a market cap of $154.29 billion, a PE ratio of 86.20, a P/E/G ratio of 1.18 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The stock has a 50 day moving average of $76.91 and a 200 day moving average of $63.22. 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 (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.2 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were 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 $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the 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 $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

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.