Capital Asset Advisory Services LLC Has $232,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Capital Asset Advisory Services LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,523 shares of the ride-sharing company’s stock after selling 798 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Uber Technologies were worth $232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Uber Technologies by 222.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 606 shares of the ride-sharing company’s stock worth $25,000 after buying an additional 418 shares during the period. Ahrens Investment Partners LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $25,000. Centerpoint Advisors LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Finally, Toth Financial Advisory Corp increased its position in Uber Technologies by 84.4% in the 4th quarter. Toth Financial Advisory Corp now owns 721 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 330 shares in the last quarter. 72.19% of the stock is currently owned by hedge funds and other institutional investors.

UBER traded down $0.80 during trading on Monday, reaching $31.83. The stock had a trading volume of 1,519,295 shares, compared to its average volume of 32,036,781. The business has a 50-day moving average of $33.76 and a 200-day moving average of $39.09. Uber Technologies, Inc. has a one year low of $28.28 and a one year high of $60.22. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.61.

Uber Technologies (NYSE:UBERGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The ride-sharing company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.77. Uber Technologies had a positive return on equity of 3.90% and a negative net margin of 2.84%. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.39 billion. As a group, research analysts expect that Uber Technologies, Inc. will post -0.76 earnings per share for the current fiscal year.

UBER has been the subject of a number of research analyst reports. Loop Capital decreased their target price on Uber Technologies from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Bank of America boosted their price objective on Uber Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. Jefferies Financial Group set a $80.00 price objective on Uber Technologies and gave the stock a “buy” rating in a report on Friday, February 11th. Oppenheimer decreased their price objective on Uber Technologies from $50.00 to $45.00 in a report on Friday, February 11th. Finally, BTIG Research decreased their price objective on Uber Technologies from $80.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, February 10th. One equities research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $63.71.

About Uber Technologies (Get Rating)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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