Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,719 shares of the ride-sharing company’s stock after selling 3,202 shares during the period. Park Place Capital Corp’s holdings in Uber Technologies were worth $291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $30,000. Ritter Daniher Financial Advisory LLC DE increased its position in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares during the period. OFI Invest Asset Management acquired a new position in Uber Technologies during the 3rd quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Uber Technologies during the 3rd quarter worth approximately $28,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp boosted their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. JMP Securities reissued a “market outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research note on Thursday, March 28th. Mizuho boosted their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays boosted their price target on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.81.

Uber Technologies Stock Up 2.9 %

Shares of UBER stock traded up $2.18 during trading hours on Friday, hitting $77.10. 16,997,464 shares of the company were exchanged, compared to its average volume of 19,992,258. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The business’s 50-day simple moving average is $75.67 and its two-hundred day simple moving average is $61.34. The stock has a market capitalization of $160.48 billion, a price-to-earnings ratio of 89.30, a P/E/G ratio of 1.24 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter last year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc. will post 1.19 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.