Golden State Equity Partners Trims Stake in Uber Technologies, Inc. (NYSE:UBER)

Golden State Equity Partners lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,769 shares of the ride-sharing company’s stock after selling 418 shares during the quarter. Golden State Equity Partners’ holdings in Uber Technologies were worth $434,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBER. Norden Group LLC purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $1,651,000. Ashton Thomas Private Wealth LLC lifted its stake in shares of Uber Technologies by 2.6% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 46,138 shares of the ride-sharing company’s stock worth $3,552,000 after purchasing an additional 1,171 shares during the period. Consolidated Portfolio Review Corp purchased a new position in shares of Uber Technologies during the 1st quarter worth $2,883,000. Worth Financial Advisory Group LLC lifted its stake in shares of Uber Technologies by 18.4% during the 1st quarter. Worth Financial Advisory Group LLC now owns 17,930 shares of the ride-sharing company’s stock worth $1,380,000 after purchasing an additional 2,790 shares during the period. Finally, Mission Wealth Management LP purchased a new position in shares of Uber Technologies during the 1st quarter worth $2,441,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’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 transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $79.44 on Thursday. The business’s 50 day moving average is $75.40 and its 200-day moving average is $70.87. The stock has a market cap of $166.90 billion, a PE ratio of 87.30, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $42.20 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Melius Research initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Benchmark initiated coverage on Uber Technologies in a research report on Friday, October 25th. They issued a “hold” rating on the stock. Roth Mkm increased their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $88.86.

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.