Realta Investment Advisors Sells 19,377 Shares of Uber Technologies, Inc. (NYSE:UBER)

Realta Investment Advisors cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 78.8% in the third quarter, Holdings Channel reports. The firm owned 5,200 shares of the ride-sharing company’s stock after selling 19,377 shares during the quarter. Realta Investment Advisors’ holdings in Uber Technologies were worth $391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares during the last quarter. WR Wealth Planners LLC increased its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Uber Technologies in the first quarter worth $32,000. MCF Advisors LLC raised its holdings 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 worth $32,000 after purchasing an additional 405 shares during the period. Finally, Founders Capital Management bought a new position in shares of Uber Technologies during the second quarter worth $33,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. The Goldman Sachs Group boosted their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. TD Cowen increased their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Evercore ISI lifted their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.22.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.20 during mid-day trading on Friday, hitting $73.25. 33,542,204 shares of the stock were exchanged, compared to its average volume of 18,874,420. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.41. The firm’s 50-day simple moving average is $75.36 and its 200 day simple moving average is $70.88. Uber Technologies, Inc. has a fifty-two week low of $45.25 and a fifty-two week high of $87.00. The stock has a market capitalization of $153.89 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

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.