Uhlmann Price Securities LLC Cuts Position in Uber Technologies, Inc. $UBER

Uhlmann Price Securities LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.6% in the 2nd quarter, according to its most recent 13F filing 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 comprises 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. boosted its holdings in shares of Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC boosted its holdings in shares of Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 127 shares during the period. Forum Financial Management LP boosted its holdings in shares of Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after purchasing an additional 136 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 138 shares during the period. Finally, Rogco LP boosted its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Rogco LP now owns 8,925 shares of the ride-sharing company’s stock worth $833,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $92.29 on Monday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. 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 firm has a market capitalization of $192.47 billion, a P/E ratio of 15.72 and a beta of 1.48. The stock has a 50 day moving average price of $95.22 and a 200 day moving average price of $88.73.

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

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Bank of America lifted their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Mizuho assumed coverage on Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price for the company. Roth Capital raised their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have given a Hold 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 $105.68.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock worth $58,659,491 over the last quarter. Insiders own 3.70% of the company’s stock.

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.