Intellectus Partners LLC Has $3.36 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Intellectus Partners LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 37.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,550 shares of the ride-sharing company’s stock after selling 32,968 shares during the quarter. Uber Technologies accounts for approximately 1.0% of Intellectus Partners LLC’s investment portfolio, making the stock its 24th biggest position. Intellectus Partners LLC’s holdings in Uber Technologies were worth $3,359,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Drive Wealth Management LLC boosted its holdings in shares of 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 valued at $289,000 after acquiring 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 buying an additional 174 shares during the period. Cigna Investments Inc. New lifted its holdings in Uber Technologies by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after buying an additional 178 shares during the period. Procyon Advisors LLC lifted its holdings in Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in Uber Technologies by 2.1% during the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho lifted their price objective on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Susquehanna lifted their price objective on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Wednesday, January 24th. Citigroup boosted their target price on Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Bank of America boosted their target price on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s 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 owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on 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 of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER traded down $0.26 during trading hours on Friday, reaching $69.05. 16,187,639 shares of the stock traded hands, compared to its average volume of 17,118,054. The stock has a 50 day simple moving average of $76.30 and a two-hundred day simple moving average of $64.48. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. 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 company has a market cap of $143.72 billion, a price-to-earnings ratio of 80.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. Uber Technologies’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

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.