Revolve Wealth Partners LLC Sells 5,981 Shares of Uber Technologies, Inc. (NYSE:UBER)

Revolve Wealth Partners LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 38.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,434 shares of the ride-sharing company’s stock after selling 5,981 shares during the period. Revolve Wealth Partners LLC’s holdings in Uber Technologies were worth $709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UBER. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. WR Wealth Planners LLC lifted its position in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies in the 1st quarter worth $32,000. Finally, MCF Advisors LLC grew its position in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated 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 owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents 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. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $79.16 on Friday. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The business’s fifty day simple moving average is $74.30 and its 200-day simple moving average is $70.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market cap of $165.41 billion, a PE ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 business earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Raymond James started coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective on the stock. Wolfe Research started coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Bank of America reissued a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. TD Cowen upped their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Loop Capital boosted their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.51.

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.