Gladstone Institutional Advisory LLC Sells 3,437 Shares of Uber Technologies, Inc. (NYSE:UBER)

Gladstone Institutional Advisory LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 15.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,401 shares of the ride-sharing company’s stock after selling 3,437 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Uber Technologies were worth $1,458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Norden Group LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $1,651,000. Fidelis Capital Partners LLC purchased a new position in shares of Uber Technologies in the first quarter worth $631,000. Lincoln National Corp lifted its holdings in shares of Uber Technologies by 34.8% during the first quarter. Lincoln National Corp now owns 48,812 shares of the ride-sharing company’s stock valued at $3,758,000 after purchasing an additional 12,608 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Uber Technologies by 6.3% during the first quarter. Nordea Investment Management AB now owns 135,017 shares of the ride-sharing company’s stock valued at $10,494,000 after buying an additional 8,048 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in Uber Technologies by 6.6% in the 1st quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock worth $210,000 after buying an additional 170 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Oppenheimer lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday. KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Six research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Uber Technologies Price Performance

Uber Technologies stock opened at $73.25 on Friday. Uber Technologies, Inc. has a 52-week low of $45.25 and a 52-week high of $87.00. The company has a market cap of $153.89 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The firm’s fifty day moving average is $75.36 and its 200 day moving average is $70.85. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

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.