New Century Financial Group LLC Lowers Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

New Century Financial Group LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,691 shares of the ride-sharing company’s stock after selling 461 shares during the period. New Century Financial Group LLC’s holdings in Uber Technologies were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Procyon Advisors LLC grew its position in shares of Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after purchasing an additional 131 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after acquiring an additional 151 shares in the last quarter. Sivia Capital Partners LLC raised 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 acquiring an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC boosted its position in shares of Uber Technologies by 6.1% during 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 acquiring an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its holdings in shares of Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.9 %

Shares of Uber Technologies stock opened at $79.16 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The company has a market cap of $165.41 billion, a P/E ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33. The company’s fifty day simple moving average is $74.30 and its two-hundred day simple moving average is $70.67.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UBER shares. 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 research note on Wednesday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday. DA Davidson reaffirmed a “buy” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.51.

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.