New Century Financial Group LLC Sells 461 Shares of Uber Technologies, Inc. (NYSE:UBER)

New Century Financial Group LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,691 shares of the ride-sharing company’s stock after selling 461 shares during the quarter. New Century Financial Group LLC’s holdings in Uber Technologies were worth $879,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Aptus Capital Advisors LLC lifted its holdings in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the period. Samlyn Capital LLC bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $134,987,000. Brookstone Capital Management grew its position in shares of Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after buying an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of Uber Technologies by 26.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after acquiring an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its position in shares of Uber Technologies by 2.2% during the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock valued at $163,775,000 after acquiring an additional 47,824 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UBER shares. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Citigroup boosted their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Wells Fargo & Company restated an “overweight” rating and set a $97.00 price objective on shares of Uber Technologies in a report on Friday, September 13th. Finally, Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Six research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $79.16 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $74.30 and its 200 day simple moving average is $70.67. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $87.00. The company has a market cap of $165.41 billion, a price-to-earnings ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.08 EPS for the current 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.