EP Wealth Advisors LLC Lowers Holdings in Uber Technologies, Inc. $UBER

EP Wealth Advisors LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 61,509 shares of the ride-sharing company’s stock after selling 3,332 shares during the period. EP Wealth Advisors LLC’s holdings in Uber Technologies were worth $4,482,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the fourth quarter worth $395,000. Bison Wealth LLC lifted its stake in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Uber Technologies by 52.2% during the fourth quarter. Baird Financial Group Inc. now owns 207,634 shares of the ride-sharing company’s stock worth $12,524,000 after purchasing an additional 71,206 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,696 shares of company stock valued at $4,632,774. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER opened at $92.86 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The business’s 50-day moving average price is $92.45 and its 200 day moving average price is $83.86. The firm has a market cap of $193.65 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.08 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Needham & Company LLC increased their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Wells Fargo & Company reduced their price objective on Uber Technologies from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Finally, Sanford C. Bernstein increased their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $102.82.

Uber Technologies Company 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.