Overbrook Management Corp Trims Holdings in Uber Technologies, Inc. (NYSE:UBER)

Overbrook Management Corp reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 102,591 shares of the ride-sharing company’s stock after selling 2,395 shares during the quarter. Uber Technologies accounts for 1.3% of Overbrook Management Corp’s holdings, making the stock its 28th largest holding. Overbrook Management Corp’s holdings in Uber Technologies were worth $6,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Benjamin F. Edwards & Company Inc. raised its holdings in Uber Technologies by 6.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 28,236 shares of the ride-sharing company’s stock valued at $2,052,000 after acquiring an additional 1,717 shares during the last quarter. Circle Wealth Management LLC grew its position in shares of Uber Technologies by 625.3% in the second quarter. Circle Wealth Management LLC now owns 22,614 shares of the ride-sharing company’s stock valued at $1,644,000 after purchasing an additional 19,496 shares during the period. ProShare Advisors LLC increased its stake in Uber Technologies by 124.1% in the second quarter. ProShare Advisors LLC now owns 642,104 shares of the ride-sharing company’s stock valued at $46,668,000 after purchasing an additional 355,520 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Uber Technologies by 7,763.3% during the second quarter. Frank Rimerman Advisors LLC now owns 20,366 shares of the ride-sharing company’s stock worth $1,480,000 after buying an additional 20,107 shares during the period. Finally, Fidelis Capital Partners LLC boosted its stake in Uber Technologies by 20.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 5,063 shares of the ride-sharing company’s stock worth $368,000 after buying an additional 853 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UBER. Royal Bank of Canada increased their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. KeyCorp cut their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. UBS Group lifted their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Oppenheimer increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.53.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $67.30 on Monday. The company has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. The company has a 50-day moving average of $66.24 and a 200-day moving average of $70.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating 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 firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company earned $0.10 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 1.9 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.