Ayalon Insurance Comp Ltd. Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Ayalon Insurance Comp Ltd. lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,304 shares of the ride-sharing company’s stock after selling 13,508 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Uber Technologies were worth $2,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. CENTRAL TRUST Co increased its stake in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after buying an additional 127 shares during the period. Procyon Advisors LLC increased its position in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares during the last quarter. DT Investment Partners LLC lifted its stake in shares of Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after acquiring an additional 145 shares in the last quarter. 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 during the last quarter. Finally, Wellington Shields Capital Management LLC grew its stake in 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 purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.3 %

Shares of UBER opened at $79.44 on Thursday. 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 1-year low of $42.20 and a 1-year high of $87.00. The stock has a market capitalization of $166.90 billion, a P/E ratio of 87.30, a P/E/G ratio of 1.33 and a beta of 1.33. The business’s 50-day moving average price is $75.40 and its 200 day moving average price is $70.87.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Cowen upped their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Benchmark started coverage on shares of Uber Technologies in a research report on Friday, October 25th. They set a “hold” rating on the stock. DA Davidson reissued a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, October 17th. Jefferies Financial Group increased their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Truist Financial boosted their price target on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

Insider Transactions at Uber Technologies

In other Uber Technologies news, 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 value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by insiders.

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.