LVW Advisors LLC Has $356,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

LVW Advisors LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,901 shares of the ride-sharing company’s stock after selling 322 shares during the period. LVW Advisors LLC’s holdings in Uber Technologies were worth $356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Benjamin F. Edwards & Company Inc. increased its position in Uber Technologies by 6.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 28,236 shares of the ride-sharing company’s stock worth $2,052,000 after purchasing an additional 1,717 shares during the last quarter. ProShare Advisors LLC increased its holdings in Uber Technologies by 124.1% in the second quarter. ProShare Advisors LLC now owns 642,104 shares of the ride-sharing company’s stock worth $46,668,000 after buying an additional 355,520 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in Uber Technologies by 7,763.3% in the second quarter. Frank Rimerman Advisors LLC now owns 20,366 shares of the ride-sharing company’s stock worth $1,480,000 after buying an additional 20,107 shares during the last quarter. Fidelis Capital Partners LLC raised its position in Uber Technologies by 20.3% during the second quarter. Fidelis Capital Partners LLC now owns 5,063 shares of the ride-sharing company’s stock valued at $368,000 after acquiring an additional 853 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Uber Technologies by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 11,189 shares of the ride-sharing company’s stock valued at $813,000 after acquiring an additional 3,835 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.9 %

Shares of NYSE:UBER opened at $67.30 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $141.71 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company’s 50-day moving average price is $66.16 and its two-hundred day moving average price is $70.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBER. Royal Bank of Canada raised their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Evercore ISI boosted their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. DA Davidson raised their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.53.

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.