Procyon Advisors LLC Has $433,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Procyon Advisors LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,177 shares of the ride-sharing company’s stock after acquiring an additional 851 shares during the period. Procyon Advisors LLC’s holdings in Uber Technologies were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in shares of Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares in the last quarter. DT Investment Partners LLC boosted its holdings in shares of Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after acquiring an additional 145 shares in the last quarter. Jmac Enterprises LLC boosted its stake in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares in the last quarter. Canopy Partners LLC grew its holdings in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares during the last quarter. Finally, AlphaCore Capital LLC increased its position in Uber Technologies by 1.4% in the 3rd quarter. AlphaCore Capital LLC now owns 12,231 shares of the ride-sharing company’s stock valued at $919,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. KeyCorp lowered their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Raymond James started coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $67.30 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $66.24 and a 200 day simple moving average of $70.36. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a market cap of $141.71 billion, a P/E ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.9 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.