We show that conformal transformations on the generalized Minkowski space R p,q map hyperboloids and affine hyperplanes into hyperboloids and affine hyperplanes. We also show that this action on hyperboloids and affine hyperplanes is transitive when p or q is 0, and that this action has exactly three orbits if p, q = 0. Then we extend these results to hyperboloids and affine planes of arbitrary dimension. These properties generalize the well-known properties of Möbius (or fractional linear) transformations on the complex plane C.