Key Client Fiduciary Advisors LLC Sells 535 Shares of Uber Technologies, Inc. (NYSE:UBER)

Key Client Fiduciary Advisors LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,179 shares of the ride-sharing company’s stock after selling 535 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Uber Technologies were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after buying an additional 5,753,637 shares during the period. Ameriprise Financial Inc. boosted its stake in Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. Edgewood Management LLC grew its position in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares during the period. AMF Tjanstepension AB purchased a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $163,468,000. Finally, Nordea Investment Management AB raised its holdings in shares of Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company’s stock worth $134,144,000 after purchasing an additional 2,064,382 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 0.7 %

Shares of NYSE:UBER opened at $68.28 on Friday. The stock has a market capitalization of $143.77 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The stock’s 50-day moving average price is $66.02 and its 200-day moving average price is $70.29. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. KeyCorp decreased their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada boosted their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Tigress Financial upped their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.53.

About Uber Technologies

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.