Stablepoint Partners LLC Sells 458 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stablepoint Partners LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,783 shares of the ride-sharing company’s stock after selling 458 shares during the quarter. Stablepoint Partners LLC’s holdings in Uber Technologies were worth $2,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daymark Wealth Partners LLC lifted its stake in Uber Technologies by 15.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 6,347 shares of the ride-sharing company’s stock valued at $461,000 after purchasing an additional 844 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Uber Technologies by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock valued at $94,098,000 after buying an additional 39,791 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Uber Technologies by 6.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 29,405 shares of the ride-sharing company’s stock worth $2,137,000 after acquiring an additional 1,810 shares during the period. Ascent Group LLC increased its holdings in shares of Uber Technologies by 8.1% during the 2nd quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock worth $1,501,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Creative Planning raised its stake in Uber Technologies by 3.3% in the 2nd quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock valued at $10,587,000 after acquiring an additional 4,600 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was 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 owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. Truist Financial reduced their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. UBS Group upped their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Get Our Latest Analysis on UBER

Uber Technologies Stock Up 0.4 %

Shares of UBER opened at $68.59 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market capitalization of $144.42 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.77 and a beta of 1.36. The stock has a fifty day moving average of $65.86 and a 200-day moving average of $70.25.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Uber Technologies Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.