Prospect Financial Services LLC Sells 2,111 Shares of Uber Technologies, Inc. $UBER

Prospect Financial Services LLC lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,063 shares of the ride-sharing company’s stock after selling 2,111 shares during the quarter. Prospect Financial Services LLC’s holdings in Uber Technologies were worth $752,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter worth $28,000. Truvestments Capital LLC increased its position in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the second quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies in the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.0%

Shares of UBER opened at $91.73 on Friday. The firm has a market cap of $190.59 billion, a P/E ratio of 11.79 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The firm’s 50-day simple moving average is $95.49 and its 200 day simple moving average is $91.56.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $13.25 billion. During the same period in the previous year, the company posted $1.20 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’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 transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 598,875 shares of company stock worth $58,407,848 in the last ninety days. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UBER shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Piper Sandler set a $107.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Cantor Fitzgerald increased their target price on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. TD Cowen lifted their price target on shares of Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Truist Financial boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.26.

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.