Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Avestar Capital LLC

Avestar Capital LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,837 shares of the ride-sharing company’s stock after selling 1,227 shares during the period. Avestar Capital LLC’s holdings in Uber Technologies were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Edgewood Management LLC increased its stake in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the period. Legal & General Group Plc raised its stake in shares of Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after buying an additional 237,976 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Uber Technologies by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after buying an additional 1,601,747 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Uber Technologies by 9.6% in the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock worth $889,956,000 after buying an additional 1,076,876 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Monday, October 7th. Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective for the company. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday, October 17th. Roth Mkm upped their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $90.51.

Uber Technologies Stock Down 2.5 %

Shares of UBER opened at $71.56 on Wednesday. The company’s 50-day simple moving average is $75.49 and its 200-day simple moving average is $71.20. 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 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market capitalization of $150.68 billion, a PE ratio of 35.60, a P/E/G ratio of 0.91 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last released its 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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the business earned $0.10 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. 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 insiders.

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.