Verus Capital Partners LLC Sells 4,277 Shares of Uber Technologies, Inc. (NYSE:UBER)

Verus Capital Partners LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 57.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,208 shares of the ride-sharing company’s stock after selling 4,277 shares during the period. Verus Capital Partners LLC’s holdings in Uber Technologies were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. raised its holdings 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 worth $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC raised its stake in shares of 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 buying an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies during the 1st quarter valued at $32,000. MCF Advisors LLC grew its stake in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the period. Finally, Founders Capital Management purchased a new stake in Uber Technologies in the 2nd quarter worth about $33,000. Institutional investors own 80.24% of the company’s stock.

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 stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. Finally, Evercore ISI lifted their price target on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Stock Down 0.3 %

Shares of Uber Technologies stock opened at $71.16 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52-week low of $52.39 and a 52-week high of $87.00. The company’s 50 day moving average price is $75.41 and its 200-day moving average price is $71.00. The stock has a market capitalization of $149.84 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 0.71 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current year.

About Uber Technologies

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.