Rockingstone Advisors LLC Sells 5,930 Shares of Uber Technologies, Inc. (NYSE:UBER)

Rockingstone Advisors LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,879 shares of the ride-sharing company’s stock after selling 5,930 shares during the period. Rockingstone Advisors LLC’s holdings in Uber Technologies were worth $1,118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Regal Investment Advisors LLC boosted its holdings in shares of Uber Technologies by 13.6% in the fourth quarter. Regal Investment Advisors LLC now owns 8,037 shares of the ride-sharing company’s stock valued at $495,000 after buying an additional 965 shares during the period. MGO One Seven LLC boosted its holdings in shares of Uber Technologies by 0.6% in the fourth quarter. MGO One Seven LLC now owns 32,918 shares of the ride-sharing company’s stock valued at $2,027,000 after buying an additional 203 shares during the period. Ethic Inc. boosted its holdings in shares of Uber Technologies by 8.8% in the fourth quarter. Ethic Inc. now owns 123,747 shares of the ride-sharing company’s stock valued at $7,619,000 after buying an additional 10,044 shares during the period. Alta Park Capital LP boosted its holdings in shares of Uber Technologies by 69.0% in the fourth quarter. Alta Park Capital LP now owns 628,961 shares of the ride-sharing company’s stock valued at $38,725,000 after buying an additional 256,819 shares during the period. Finally, Left Brain Wealth Management LLC boosted its holdings in shares of Uber Technologies by 2.5% in the fourth quarter. Left Brain Wealth Management LLC now owns 60,234 shares of the ride-sharing company’s stock valued at $3,709,000 after buying an additional 1,474 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 2.1 %

Shares of Uber Technologies stock opened at $76.17 on Wednesday. The company has a market cap of $160.03 billion, a price-to-earnings ratio of 122.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33. The company’s 50 day moving average is $71.50 and its 200 day moving average is $70.41. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the company posted $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 1.04 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several analyst reports. Roth Mkm upped their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Wolfe Research initiated coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.11.

Uber Technologies Company 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.