Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Park Place Capital Corp

Park Place Capital Corp reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 18.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,494 shares of the ride-sharing company’s stock after selling 549 shares during the period. Park Place Capital Corp’s holdings in Uber Technologies were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Uber Technologies by 61.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,834 shares of the ride-sharing company’s stock worth $26,080,000 after purchasing an additional 136,966 shares during the period. ELCO Management Co. LLC raised its position in shares of Uber Technologies by 8.8% during the 2nd quarter. ELCO Management Co. LLC now owns 6,160 shares of the ride-sharing company’s stock valued at $448,000 after buying an additional 500 shares during the period. Caxton Associates LP grew its position in Uber Technologies by 65.8% in the second quarter. Caxton Associates LP now owns 22,355 shares of the ride-sharing company’s stock worth $1,625,000 after acquiring an additional 8,872 shares during the period. Alden Global Capital LLC acquired a new stake in Uber Technologies during the second quarter worth $8,624,000. Finally, Armistice Capital LLC raised its position in Uber Technologies by 37.0% in the second quarter. Armistice Capital LLC now owns 264,894 shares of the ride-sharing company’s stock valued at $19,252,000 after purchasing an additional 71,598 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER stock opened at $67.79 on Thursday. The stock’s 50-day moving average is $66.08 and its two-hundred day moving average is $70.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a market cap of $142.75 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 0.73 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, JMP Securities lowered Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.84% of the company’s stock.

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.