Joule Financial LLC Sells 2,497 Shares of Uber Technologies, Inc. (NYSE:UBER)

Joule Financial LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.8% during the third quarter, Holdings Channel.com reports. The firm owned 22,935 shares of the ride-sharing company’s stock after selling 2,497 shares during the period. Uber Technologies accounts for 0.6% of Joule Financial LLC’s holdings, making the stock its 24th biggest position. Joule Financial LLC’s holdings in Uber Technologies were worth $1,724,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UBER. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares in the last quarter. GQG Partners LLC lifted its position in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC boosted its stake in Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after purchasing an additional 5,163,635 shares during the last quarter. Vanguard Group Inc. boosted its stake in Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.4 %

Shares of UBER traded down $0.33 on Friday, reaching $79.57. The stock had a trading volume of 3,677,549 shares, compared to its average volume of 17,993,516. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The firm has a market capitalization of $166.26 billion, a price-to-earnings ratio of 128.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. The company has a 50-day simple moving average of $74.09 and a 200-day simple moving average of $70.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the company posted $0.18 EPS. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UBER shares. Melius started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. The Goldman Sachs Group upped their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a research note on Friday, September 13th. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.51.

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.