Park Place Capital Corp Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Park Place Capital Corp lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 13.5% during the third quarter, Holdings Channel.com reports. The fund owned 3,043 shares of the ride-sharing company’s stock after selling 473 shares during the period. Park Place Capital Corp’s holdings in Uber Technologies were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC raised its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Uber Technologies in the first quarter worth about $32,000. Finally, MCF Advisors LLC boosted 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 acquiring an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on UBER shares. Truist Financial increased their target price on Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson raised their price objective on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Tuesday, July 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday. Finally, Raymond James assumed coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction 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 directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Uber Technologies 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 transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The trade was 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.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $76.17 on Wednesday. The stock’s fifty day moving average is $71.50 and its 200 day moving average is $70.41. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. 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 stock has a market cap of $160.03 billion, a P/E ratio of 122.85, a P/E/G ratio of 1.34 and a beta of 1.33.

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, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

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.