Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,949 shares of the ride-sharing company’s stock after selling 196 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Uber Technologies were worth $673,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UBER. Chicago Capital LLC boosted its stake in Uber Technologies by 3.6% during the 3rd quarter. Chicago Capital LLC now owns 863,342 shares of the ride-sharing company’s stock valued at $64,889,000 after purchasing an additional 29,723 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Uber Technologies by 1.5% during the third quarter. Commonwealth Equity Services LLC now owns 577,915 shares of the ride-sharing company’s stock valued at $43,436,000 after buying an additional 8,704 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Uber Technologies by 16.6% during the third quarter. First Citizens Bank & Trust Co. now owns 10,077 shares of the ride-sharing company’s stock valued at $757,000 after buying an additional 1,438 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Uber Technologies by 36.0% during the third quarter. Blue Trust Inc. now owns 19,715 shares of the ride-sharing company’s stock worth $1,433,000 after buying an additional 5,222 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its position in Uber Technologies by 9.6% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 13,259 shares of the ride-sharing company’s stock valued at $997,000 after acquiring an additional 1,165 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

NYSE UBER opened at $79.16 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $165.41 billion, a PE ratio of 127.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The company has a 50 day moving average price of $74.30 and a two-hundred day moving average price of $70.67.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. UBS Group boosted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Piper Sandler upped their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Finally, Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. 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 presently has an average rating of “Moderate Buy” and an average 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.