North Point Portfolio Managers Corp OH Sells 2,457 Shares of Uber Technologies, Inc. $UBER

North Point Portfolio Managers Corp OH decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,987 shares of the ride-sharing company’s stock after selling 2,457 shares during the period. Uber Technologies comprises approximately 2.6% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 15th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Uber Technologies were worth $15,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC grew its position in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Uber Technologies by 105.9% in the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after purchasing an additional 2,807,967 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 100,000 shares of the 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 completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 in the last ninety days. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Barclays reaffirmed an “overweight” rating and issued a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Susquehanna increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Finally, Guggenheim raised Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $105.68.

Uber Technologies Trading Down 0.2%

Shares of UBER stock opened at $92.29 on Monday. The stock’s fifty day moving average price is $95.22 and its two-hundred day moving average price is $88.73. The company has a market cap of $192.47 billion, a PE ratio of 15.72 and a beta of 1.48. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two 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.

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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.