Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Stablepoint Partners LLC

Stablepoint Partners LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,783 shares of the ride-sharing company’s stock after selling 458 shares during the period. Stablepoint Partners LLC’s holdings in Uber Technologies were worth $2,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $35,000. Kieckhefer Group LLC bought a new stake in Uber Technologies during the fourth quarter worth approximately $33,000. Transcendent Capital Group LLC grew its position in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after buying an additional 276 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UBER shares. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Thursday, January 2nd. Royal Bank of Canada lifted their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Evercore ISI boosted their price objective on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Up 0.4 %

Shares of NYSE UBER opened at $68.59 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm’s 50-day moving average is $65.86 and its 200-day moving average is $70.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $144.42 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) 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. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 1.86 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.