Rockingstone Advisors LLC Reduces Position in Uber Technologies, Inc. (NYSE:UBER)

Rockingstone Advisors LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,879 shares of the ride-sharing company’s stock after selling 5,930 shares during the quarter. Rockingstone Advisors LLC’s holdings in Uber Technologies were worth $1,118,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Regal Investment Advisors LLC grew its holdings in shares of Uber Technologies by 13.6% in the fourth quarter. Regal Investment Advisors LLC now owns 8,037 shares of the ride-sharing company’s stock valued at $495,000 after purchasing an additional 965 shares during the period. MGO One Seven LLC grew its holdings in shares of Uber Technologies by 0.6% in the fourth quarter. MGO One Seven LLC now owns 32,918 shares of the ride-sharing company’s stock valued at $2,027,000 after purchasing an additional 203 shares during the period. Ethic Inc. grew its holdings in shares of Uber Technologies by 8.8% in the fourth quarter. Ethic Inc. now owns 123,747 shares of the ride-sharing company’s stock valued at $7,619,000 after purchasing an additional 10,044 shares during the period. Alta Park Capital LP grew its holdings in shares of Uber Technologies by 69.0% in the fourth quarter. Alta Park Capital LP now owns 628,961 shares of the ride-sharing company’s stock valued at $38,725,000 after purchasing an additional 256,819 shares during the period. Finally, Left Brain Wealth Management LLC grew its holdings in shares of Uber Technologies by 2.5% in the fourth quarter. Left Brain Wealth Management LLC now owns 60,234 shares of the ride-sharing company’s stock valued at $3,709,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.1 %

Shares of UBER stock opened at $76.17 on Wednesday. The stock has a market cap of $160.03 billion, a price-to-earnings ratio of 122.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The firm’s 50 day moving average price is $71.50 and its two-hundred day moving average price is $70.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 1.04 EPS for the current year.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. Loop Capital increased their target price on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Oppenheimer increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Wells Fargo & Company reissued an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a research report on Friday, September 13th. Piper Sandler increased their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Finally, JMP Securities increased their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the 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 directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the company’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 transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.