Realta Investment Advisors Has $391,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Realta Investment Advisors lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 78.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,200 shares of the ride-sharing company’s stock after selling 19,377 shares during the period. Realta Investment Advisors’ holdings in Uber Technologies were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors 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 acquiring an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies in the third quarter valued at about $799,000. Samlyn Capital LLC bought a new position in shares of Uber Technologies in the second quarter worth about $134,987,000. Hedeker Wealth LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth about $6,519,000. Finally, Brookstone Capital Management boosted its stake in Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER traded up $1.20 during midday trading on Friday, hitting $73.25. The company had a trading volume of 33,542,204 shares, compared to its average volume of 18,874,420. Uber Technologies, Inc. has a twelve month low of $45.25 and a twelve month high of $87.00. The company has a market capitalization of $153.89 billion, a PE ratio of 36.44, a P/E/G ratio of 1.24 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.41. The firm’s 50-day simple moving average is $75.36 and its 200-day simple moving average is $70.88.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating 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 business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the business posted $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Monday, October 7th. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Citigroup upped their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.22.

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.