Gladstone Institutional Advisory LLC Trims Holdings in Uber Technologies, Inc. (NYSE:UBER)

Gladstone Institutional Advisory LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,401 shares of the ride-sharing company’s stock after selling 3,437 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Uber Technologies were worth $1,458,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the period. WR Wealth Planners LLC grew its holdings in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Uber Technologies during the 1st quarter worth about $32,000. MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Finally, Founders Capital Management bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $33,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UBER shares. Citigroup lifted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. DA Davidson reiterated a “buy” rating and issued a $82.00 price target on shares of Uber Technologies in a report on Thursday, October 17th. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JMP Securities lifted their target price on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 completion of the transaction, the insider now owns 127,352 shares in the company, valued at $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 available at the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.7 %

Uber Technologies stock opened at $73.25 on Friday. The firm has a market cap of $153.89 billion, a PE ratio of 36.44, a P/E/G ratio of 1.24 and a beta of 1.34. Uber Technologies, Inc. has a 12 month low of $45.25 and a 12 month high of $87.00. The stock’s 50 day simple moving average is $75.36 and its two-hundred day simple moving average is $70.85. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

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.