Uhlmann Price Securities LLC Sells 17,135 Shares of Uber Technologies, Inc. $UBER

Uhlmann Price Securities LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,125 shares of the ride-sharing company’s stock after selling 17,135 shares during the quarter. Uber Technologies accounts for 1.2% of Uhlmann Price Securities LLC’s portfolio, making the stock its 16th biggest holding. Uhlmann Price Securities LLC’s holdings in Uber Technologies were worth $1,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC lifted its holdings in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the period. GAMMA Investing LLC lifted its holdings in Uber Technologies by 319.6% in the first quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock valued at $1,658,000 after acquiring an additional 17,330 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Uber Technologies by 44.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 217,196 shares of the ride-sharing company’s stock valued at $15,825,000 after acquiring an additional 66,783 shares during the period. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on UBER shares. Wells Fargo & Company lowered their target price on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Roth Capital increased their target price on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Uber Technologies in a research note on Tuesday, October 14th. Wedbush decreased their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Finally, Susquehanna raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.68.

Uber Technologies Stock Performance

NYSE:UBER opened at $92.29 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The stock has a 50-day moving average price of $95.22 and a 200 day moving average price of $88.73. The stock has a market capitalization of $192.47 billion, a P/E ratio of 15.72 and a beta of 1.48.

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

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 100,000 shares of the 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 sale, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock valued at $58,659,491 in the last three months. 3.70% of the stock is currently owned by insiders.

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.