Gables Capital Management Inc. Decreases Stock Position in Uber Technologies, Inc. $UBER

Gables Capital Management Inc. cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,300 shares of the ride-sharing company’s stock after selling 1,000 shares during the period. Gables Capital Management Inc.’s holdings in Uber Technologies were worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. boosted its holdings in Uber Technologies by 0.4% in the second quarter. Cullen Frost Bankers Inc. now owns 235,237 shares of the ride-sharing company’s stock valued at $21,948,000 after purchasing an additional 978 shares during the period. Sanders Morris Harris LLC purchased a new stake in Uber Technologies during the 2nd quarter worth about $2,986,000. IMG Wealth Management Inc. purchased a new stake in Uber Technologies during the 2nd quarter worth about $150,000. Lafayette Investments Inc. lifted its holdings in Uber Technologies by 5.9% during the 2nd quarter. Lafayette Investments Inc. now owns 8,826 shares of the ride-sharing company’s stock worth $823,000 after buying an additional 488 shares during the last quarter. Finally, Divergent Planning LLC purchased a new stake in Uber Technologies during the 2nd quarter worth about $520,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.7%

Uber Technologies stock opened at $93.07 on Wednesday. The company has a market capitalization of $194.09 billion, a P/E ratio of 15.86 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 stock has a 50-day simple moving average of $95.31 and a 200-day simple moving average of $88.96. 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 posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during 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 firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Stifel Nicolaus boosted their target price on Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Wedbush reduced their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their target price on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.70.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred 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. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock worth $58,950,116 over the last quarter. 3.70% of the stock is 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.