Koss Olinger Consulting LLC Sells 338 Shares of Uber Technologies, Inc. $UBER

Koss Olinger Consulting LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,426 shares of the ride-sharing company’s stock after selling 338 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Uber Technologies were worth $226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the first quarter valued at $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at $28,000. Truvestments Capital LLC raised its holdings in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies during the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies during the 1st quarter worth about $31,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $96.47 on Tuesday. The stock has a market capitalization of $201.18 billion, a P/E ratio of 16.43 and a beta of 1.48. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. 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 business has a 50-day moving average price of $95.48 and a two-hundred day moving average price of $89.84.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UBER. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays reiterated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. KeyCorp upped their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Royal Bank Of Canada upped their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, UBS Group upped their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $105.91.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, 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 sold a total of 604,946 shares of company stock worth $58,950,116 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.