Americana Partners LLC Sells 1,506 Shares of Uber Technologies, Inc. (NYSE:UBER)

Americana Partners LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,182 shares of the ride-sharing company’s stock after selling 1,506 shares during the quarter. Americana Partners LLC’s holdings in Uber Technologies were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its position in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new position in Uber Technologies in the third quarter valued at about $799,000. Samlyn Capital LLC bought a new stake in shares of Uber Technologies in the second quarter worth about $134,987,000. Hedeker Wealth LLC acquired a new stake in shares of Uber Technologies during the third quarter worth about $6,519,000. Finally, Brookstone Capital Management grew its position in shares of Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on UBER shares. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Citigroup boosted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday. TD Cowen boosted their price target on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.22.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.7 %

UBER stock opened at $73.25 on Friday. The business’s fifty day moving average price is $75.36 and its two-hundred day moving average price is $70.85. The stock has a market capitalization of $153.89 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. Uber Technologies, Inc. has a fifty-two week low of $45.25 and a fifty-two 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 1.21.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

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.