Marsico Capital Management LLC Sells 123,611 Shares of Uber Technologies, Inc. $UBER

Marsico Capital Management LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 55.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,630 shares of the ride-sharing company’s stock after selling 123,611 shares during the period. Marsico Capital Management LLC’s holdings in Uber Technologies were worth $9,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. increased its stake in shares of Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 125 shares during the period. Atticus Wealth Management LLC boosted its holdings in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 127 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its position in Uber Technologies by 4.4% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 129 shares during the period. Clearstead Trust LLC increased its position in Uber Technologies by 0.5% during the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after purchasing an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in Uber Technologies by 0.7% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock worth $1,762,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 570,750 shares of company stock valued at $55,682,535 in the last quarter. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $83.43 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $173.36 billion, a P/E ratio of 10.72 and a beta of 1.46. The business’s 50 day moving average price is $95.05 and its 200-day moving average price is $91.86. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of a number of research reports. Susquehanna reaffirmed a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Wedbush lowered their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Sanford C. Bernstein upped their target price on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Cantor Fitzgerald raised their target price on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company reduced their price target on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.26.

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.