ASB Consultores LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 18.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,116 shares of the ride-sharing company’s stock after selling 1,574 shares during the period. ASB Consultores LLC’s holdings in Uber Technologies were worth $535,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC raised its stake in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Uber Technologies during the first quarter valued at approximately $32,000. MCF Advisors LLC boosted its stake in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. Finally, Founders Capital Management purchased a new position in Uber Technologies in the second quarter worth $33,000. 80.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
UBER has been the subject of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, October 17th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Melius Research initiated coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. TD Cowen raised their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.22.
Insider Activity
In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.
Uber Technologies Price Performance
Shares of UBER opened at $73.25 on Tuesday. Uber Technologies, Inc. has a 52-week low of $46.68 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $75.37 and a two-hundred day simple moving average of $70.86. The company has a market capitalization of $153.89 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.09 EPS for the current year.
Uber Technologies 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.
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