Golden State Equity Partners Lowers Holdings in Uber Technologies, Inc. (NYSE:UBER)

Golden State Equity Partners decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,769 shares of the ride-sharing company’s stock after selling 418 shares during the quarter. Golden State Equity Partners’ holdings in Uber Technologies were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UBER. Aptus Capital Advisors LLC raised its holdings in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after purchasing an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA acquired a new position in Uber Technologies in the 3rd quarter worth about $799,000. Samlyn Capital LLC acquired a new position in Uber Technologies in the 2nd quarter worth about $134,987,000. Brookstone Capital Management raised its holdings in Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares during the period. Finally, Hedeker Wealth LLC acquired a new position in Uber Technologies in the 3rd quarter worth about $6,519,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group increased 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. JMP Securities increased their target price on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Truist Financial increased their price target on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.86.

Uber Technologies Stock Performance

NYSE UBER opened at $79.44 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 52-week low of $42.20 and a 52-week high of $87.00. The business’s 50-day moving average price is $75.40 and its 200 day moving average price is $70.87. The firm has a market cap of $166.90 billion, a P/E ratio of 87.30, a P/E/G ratio of 1.33 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

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 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.

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.