Evoke Wealth LLC Sells 34,689 Shares of Uber Technologies, Inc. (NYSE:UBER)

Evoke Wealth LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBERFree Report) by 85.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,833 shares of the ride-sharing company’s stock after selling 34,689 shares during the quarter. Evoke Wealth LLC’s holdings in Uber Technologies were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Hilltop Holdings Inc. grew its stake in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after acquiring an additional 157 shares during the period. Drive Wealth Management LLC lifted its holdings in Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after purchasing an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Cigna Investments Inc. New raised its holdings in shares of Uber Technologies by 0.9% in the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after acquiring an additional 178 shares in the last quarter. Finally, Procyon Advisors LLC raised its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Uber Technologies Trading Up 0.7 %

NYSE UBER opened at $64.56 on Monday. The stock’s 50 day moving average is $70.21 and its 200 day moving average is $68.15. The firm has a market capitalization of $134.90 billion, a PE ratio of 104.13, a P/E/G ratio of 1.41 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. Research analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UBER shares. BTIG Research raised their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Moffett Nathanson reissued a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Bank of America decreased their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Loop Capital decreased their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

View Our Latest Stock Analysis on UBER

Uber Technologies Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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