Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,492 shares of the ride-sharing company’s stock after selling 229 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Uber Technologies were worth $413,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Ascent Wealth Partners LLC acquired a new position in Uber Technologies in the 3rd quarter valued at about $2,087,000. Aptus Capital Advisors LLC increased its holdings 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. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares during the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies during the third quarter worth $799,000. Finally, Samlyn Capital LLC purchased a new position in Uber Technologies in the 2nd quarter valued at $134,987,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Uber Technologies 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Trading Down 0.5 %

NYSE:UBER traded down $0.36 during trading hours on Wednesday, reaching $71.01. 873,930 shares of the company were exchanged, compared to its average volume of 18,092,201. The firm has a market cap of $149.53 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 0.71 and a beta of 1.34. The stock has a 50 day simple moving average of $75.42 and a 200 day simple moving average of $70.99. Uber Technologies, Inc. has a 52-week low of $52.39 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Monday, October 7th. Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JMP Securities lifted their price target on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial cut their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

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.