Uber Technologies, Inc. (NYSE:UBER) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC cut its position in Uber Technologies, Inc. (NYSE:UBER) by 5.8% during the second quarter, HoldingsChannel reports. The firm owned 12,152 shares of the ride-sharing company’s stock after selling 744 shares during the quarter. New Century Financial Group LLC’s holdings in Uber Technologies were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Wealthspire Advisors LLC boosted its holdings in Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after purchasing an additional 151 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC grew its position in shares of Uber Technologies by 6.1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after buying an additional 159 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its stake in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares in the last quarter. Finally, Quent Capital LLC raised its stake in Uber Technologies by 6.6% during the 1st quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock worth $210,000 after acquiring an additional 170 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at $9,169,344. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $75.16 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The business’s fifty day moving average price is $70.41 and its two-hundred day moving average price is $70.57. The stock has a market cap of $157.91 billion, a PE ratio of 121.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS 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 business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group raised their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Wells Fargo & Company reissued an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a report on Friday, September 13th. Finally, Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price on the stock. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $87.81.

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.