Uber Technologies, Inc. (NYSE:UBER) Stock Position Lowered by Vestor Capital LLC

Vestor Capital LLC lessened its position in Uber Technologies, Inc. (NYSE:UBERGet Rating) by 46.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,261 shares of the ride-sharing company’s stock after selling 53,209 shares during the period. Vestor Capital LLC’s holdings in Uber Technologies were worth $2,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth $27,000. MCF Advisors LLC acquired a new position in shares of Uber Technologies in the 1st quarter worth $27,000. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Uber Technologies in the 4th quarter worth $33,000. Northern Oak Wealth Management Inc. acquired a new position in shares of Uber Technologies in the 4th quarter worth $34,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of Uber Technologies in the 4th quarter worth $36,000. Institutional investors own 72.58% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 87,841 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $31.26, for a total value of $2,745,909.66. Following the sale, the insider now directly owns 141,944 shares in the company, valued at approximately $4,437,169.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UBER. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Uber Technologies in a report on Wednesday, June 29th. The Goldman Sachs Group lowered their price target on Uber Technologies from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. Susquehanna lifted their price target on Uber Technologies from $29.00 to $32.00 in a report on Wednesday. Sanford C. Bernstein lowered their price target on Uber Technologies from $45.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. Finally, Raymond James upgraded Uber Technologies from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.63.

Uber Technologies Trading Up 0.5 %

Uber Technologies stock traded up $0.16 during trading hours on Friday, hitting $32.01. The stock had a trading volume of 39,963,623 shares, compared to its average volume of 32,065,808. The company has a 50-day moving average of $23.34 and a two-hundred day moving average of $28.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96. Uber Technologies, Inc. has a fifty-two week low of $19.90 and a fifty-two week high of $48.88.

Uber Technologies (NYSE:UBERGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.08). The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.37 billion. Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 62.32%. The company’s revenue was up 105.6% on a year-over-year basis. During the same period last year, the company earned $0.58 EPS. Research analysts predict that Uber Technologies, Inc. will post -3.85 earnings per share for the current fiscal year.

Uber Technologies Profile

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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