Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Hedges Asset Management LLC

Hedges Asset Management LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,900 shares of the ride-sharing company’s stock after selling 5,200 shares during the period. Uber Technologies comprises approximately 1.7% of Hedges Asset Management LLC’s holdings, making the stock its 13th biggest holding. Hedges Asset Management LLC’s holdings in Uber Technologies were worth $2,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aptus Capital Advisors LLC raised its stake in shares of Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the period. Samlyn Capital LLC purchased a new stake in shares of Uber Technologies during the second quarter worth about $134,987,000. Brookstone Capital Management increased its holdings in Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares during the last quarter. BOCHK Asset Management Ltd raised its holdings in Uber Technologies by 1,558.3% in the third quarter. BOCHK Asset Management Ltd now owns 49,750 shares of the ride-sharing company’s stock valued at $3,739,000 after acquiring an additional 46,750 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its stake in shares of Uber Technologies by 26.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after purchasing an additional 8,614 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $77.62 on Monday. The firm’s 50 day moving average is $75.09 and its two-hundred day moving average is $70.80. The company has a market cap of $163.07 billion, a P/E ratio of 85.30, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling at Uber Technologies

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 value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, 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 SEC, which is available at this link. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Citigroup upped their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research assumed coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Raymond James initiated coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.86.

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.