Roberts Wealth Advisors LLC Decreases Position in Uber Technologies, Inc. $UBER

Roberts Wealth Advisors LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,557 shares of the ride-sharing company’s stock after selling 2,892 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Uber Technologies were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. Hilltop National Bank acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $96,000. Geneos Wealth Management Inc. raised its holdings in shares of Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after buying an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after buying an additional 226,960 shares during the period. Finally, Kapstone Financial Advisors LLC purchased a new stake in shares of Uber Technologies during the second quarter valued at $415,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 601,821 shares of company stock worth $58,659,491. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on UBER shares. Sanford C. Bernstein raised their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Mizuho initiated coverage on Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. BMO Capital Markets upped their target price on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Stifel Nicolaus raised their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $104.03.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $100.02 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $208.58 billion, a price-to-earnings ratio of 17.04 and a beta of 1.48. The firm’s 50 day simple moving average is $94.12 and its 200-day simple moving average is $87.40. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

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.