Morling Financial Advisors LLC Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Morling Financial Advisors LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,850 shares of the ride-sharing company’s stock after selling 1,400 shares during the quarter. Morling Financial Advisors LLC’s holdings in Uber Technologies were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Uber Technologies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares during the period. Financial Enhancement Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $1,112,000. Finally, Fifth Third Bancorp increased its holdings in shares of Uber Technologies by 54.3% in the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 16th. Roth Mkm raised their price objective on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Truist Financial raised their price objective on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Piper Sandler raised their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Price Performance

NYSE:UBER traded down $1.47 during trading hours on Wednesday, hitting $69.33. 27,500,902 shares of the stock were exchanged, compared to its average volume of 19,744,426. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The firm’s fifty day moving average price is $76.92 and its 200 day moving average price is $64.12. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market cap of $144.30 billion, a P/E ratio of 82.33, a P/E/G ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period in the previous year, the business earned $0.29 EPS. Uber Technologies’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

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.