Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 335,581 shares of the ride-sharing company’s stock after selling 65,817 shares during the period. Braun Stacey Associates Inc.’s holdings in Uber Technologies were worth $25,222,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UBER. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after purchasing an additional 512,591 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies in the third quarter valued at about $799,000. Finally, Samlyn Capital LLC purchased a new position in Uber Technologies during the 2nd quarter valued at about $134,987,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI lifted their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, KeyCorp lowered their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Stock Up 2.5 %

Shares of NYSE:UBER opened at $73.25 on Monday. 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 company has a fifty day simple moving average of $75.48 and a 200 day simple moving average of $71.08. The firm has a market cap of $154.24 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 12-month low of $53.15 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Uber Technologies 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.