Morling Financial Advisors LLC Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Morling Financial Advisors LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,850 shares of the ride-sharing company’s stock after selling 1,400 shares during the period. Morling Financial Advisors LLC’s holdings in Uber Technologies were worth $545,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brown Advisory Inc. raised its position in shares of Uber Technologies by 1,108.6% during the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after purchasing an additional 14,386,205 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $272,625,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $187,111,000. Winslow Capital Management LLC raised its position in shares of Uber Technologies by 33.6% during the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after purchasing an additional 2,278,252 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after acquiring an additional 2,067,098 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 5th. KeyCorp boosted their price target on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Gordon Haskett downgraded Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the business’s 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 sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tony West sold 18,750 shares of the business’s 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 sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s 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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.47 during trading on Wednesday, hitting $69.33. The stock had a trading volume of 27,500,902 shares, compared to its average volume of 19,744,426. 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 firm has a market cap of $144.30 billion, a P/E ratio of 82.33, a PEG ratio of 1.09 and a beta of 1.36. The business has a fifty day moving average of $76.92 and a two-hundred day moving average of $64.12. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s 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. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share 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.