Ballast Advisors LLC Sells 5,929 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ballast Advisors LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,978 shares of the ride-sharing company’s stock after selling 5,929 shares during the quarter. Uber Technologies accounts for approximately 1.8% of Ballast Advisors LLC’s holdings, making the stock its 13th largest position. Ballast Advisors LLC’s holdings in Uber Technologies were worth $5,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC grew its holdings in shares of Uber Technologies by 8.2% during the first quarter. Signaturefd LLC now owns 30,919 shares of the ride-sharing company’s stock valued at $2,380,000 after buying an additional 2,347 shares during the last quarter. Csenge Advisory Group boosted its position in Uber Technologies by 21.6% in the 1st quarter. Csenge Advisory Group now owns 9,601 shares of the ride-sharing company’s stock valued at $739,000 after buying an additional 1,704 shares during the period. Disciplined Equity Management Inc. acquired a new stake in Uber Technologies during the 1st quarter worth $809,000. Howland Capital Management LLC increased its stake in Uber Technologies by 5,427.4% in the first quarter. Howland Capital Management LLC now owns 192,905 shares of the ride-sharing company’s stock valued at $14,852,000 after purchasing an additional 189,415 shares during the period. Finally, Chapman Investment Management LLC boosted its holdings in shares of Uber Technologies by 214.1% in the first quarter. Chapman Investment Management LLC now owns 22,257 shares of the ride-sharing company’s stock valued at $1,714,000 after acquiring an additional 15,172 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $2.17 during trading on Wednesday, reaching $71.98. The company had a trading volume of 5,844,256 shares, compared to its average volume of 17,994,211. 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 stock has a market capitalization of $151.57 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The company has a fifty day moving average of $75.40 and a two-hundred day moving average of $70.90. Uber Technologies, Inc. has a 12 month low of $46.68 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company 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%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 1.15 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Bank of America increased their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

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.