Apexium Financial LP Sells 474 Shares of Uber Technologies, Inc. $UBER

Apexium Financial LP cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,468 shares of the ride-sharing company’s stock after selling 474 shares during the quarter. Apexium Financial LP’s holdings in Uber Technologies were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $28,000. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 299 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.1%

NYSE:UBER opened at $96.53 on Friday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The firm’s 50-day moving average price is $93.93 and its 200-day moving average price is $87.14. The company has a market capitalization of $201.30 billion, a PE ratio of 16.44 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last announced 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 company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UBER. KeyCorp boosted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Barclays reaffirmed an “overweight” rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Bank of America lifted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.03.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the transaction, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock worth $58,920,741 in the last 90 days. Insiders own 3.84% 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.