Alpine Woods Capital Investors LLC Lowers Holdings in Uber Technologies, Inc. $UBER

Alpine Woods Capital Investors LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 29,702 shares of the ride-sharing company’s stock after selling 222 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Uber Technologies were worth $2,771,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in UBER. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies during the 1st quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its position in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after purchasing an additional 2,749,456 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% 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 90 days. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $94.14 on Tuesday. The firm has a market cap of $196.32 billion, a price-to-earnings ratio of 16.04 and a beta of 1.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $94.98 and its two-hundred day moving average is $88.15. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

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, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wedbush decreased their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. BMO Capital Markets boosted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Saturday, September 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.03.

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.