Pursue Wealth Partners LLC Has $3.53 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Pursue Wealth Partners LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,316 shares of the ride-sharing company’s stock after selling 952 shares during the period. Uber Technologies makes up approximately 2.3% of Pursue Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. Pursue Wealth Partners LLC’s holdings in Uber Technologies were worth $3,529,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Drive Wealth Management LLC lifted its holdings in shares of Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after purchasing an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in shares of Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after purchasing an additional 178 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after purchasing an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in Uber Technologies by 2.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after acquiring an additional 200 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UBER shares. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. JMP Securities restated a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, March 28th. Bank of America upped their price objective on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, UBS Group upped their price objective on Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a 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 $78.94.

Uber Technologies Price Performance

Shares of UBER traded down $0.26 during trading hours on Friday, reaching $69.05. The stock had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. The stock has a market capitalization of $143.72 billion, a PE ratio of 80.29, a PEG ratio of 1.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The company’s 50-day moving average is $76.30 and its two-hundred day moving average is $64.48.

Uber Technologies (NYSE:UBER) last announced 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 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%. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated 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 sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

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.