Virtue Capital Management LLC Sells 491 Shares of Uber Technologies, Inc. (NYSE:UBER)

Virtue Capital Management LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 13,345 shares of the ride-sharing company’s stock after selling 491 shares during the quarter. Virtue Capital Management LLC’s holdings in Uber Technologies were worth $1,003,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC boosted its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Uber Technologies during the 2nd quarter valued at about $36,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. DA Davidson lifted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Wells Fargo & Company decreased their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Loop Capital raised their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Trading Down 1.2 %

NYSE UBER opened at $64.98 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a market capitalization of $136.83 billion, a PE ratio of 32.33, a P/E/G ratio of 0.82 and a beta of 1.33. The stock’s 50 day moving average is $74.29 and its 200 day moving average is $71.49.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

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.