Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,921 shares of the ride-sharing company’s stock after selling 2,213 shares during the quarter. Captrust Financial Advisors’ holdings in Uber Technologies were worth $8,938,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Uber Technologies by 32.3% during the second quarter. GAMMA Investing LLC now owns 8,926 shares of the ride-sharing company’s stock worth $649,000 after buying an additional 2,178 shares during the period. Versant Capital Management Inc increased its holdings in Uber Technologies by 188.8% in the 2nd quarter. Versant Capital Management Inc now owns 644 shares of the ride-sharing company’s stock valued at $47,000 after purchasing an additional 421 shares in the last quarter. Quent Capital LLC raised its position in Uber Technologies by 6.9% in the second quarter. Quent Capital LLC now owns 2,920 shares of the ride-sharing company’s stock valued at $212,000 after purchasing an additional 188 shares during the period. Mather Group LLC. lifted its stake in shares of Uber Technologies by 134.9% during the second quarter. Mather Group LLC. now owns 2,401 shares of the ride-sharing company’s stock worth $185,000 after purchasing an additional 1,379 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Uber Technologies by 5.0% in the second quarter. Fulton Bank N.A. now owns 11,889 shares of the ride-sharing company’s stock worth $864,000 after buying an additional 566 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.5 %

Shares of NYSE:UBER opened at $71.96 on Monday. The firm has a 50 day simple moving average of $75.34 and a 200 day simple moving average of $71.32. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $151.53 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, research analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. UBS Group increased their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Bank of America boosted their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.84% of the stock is currently owned by insiders.

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.