Legacy Trust Sells 1,647 Shares of Uber Technologies, Inc. $UBER

Legacy Trust cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,795 shares of the ride-sharing company’s stock after selling 1,647 shares during the quarter. Legacy Trust’s holdings in Uber Technologies were worth $3,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kozak & Associates Inc. boosted its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies during the first quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new position in Uber Technologies during the first quarter valued at approximately $27,000. West Oak Capital LLC purchased a new position in Uber Technologies during the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. Barclays reaffirmed an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. KeyCorp lifted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Saturday, September 27th. Stifel Nicolaus lifted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Needham & Company LLC lifted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.03.

Uber Technologies Price Performance

UBER stock opened at $96.53 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company’s fifty day moving average price is $93.93 and its 200-day moving average price is $87.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $201.30 billion, a PE ratio of 16.44 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 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock valued at $58,920,741 over the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies 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.