RiverPark Advisors LLC Sells 3,970 Shares of Uber Technologies, Inc. $UBER

RiverPark Advisors LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,458 shares of the ride-sharing company’s stock after selling 3,970 shares during the quarter. Uber Technologies makes up 1.7% of RiverPark Advisors LLC’s holdings, making the stock its 16th biggest holding. RiverPark Advisors LLC’s holdings in Uber Technologies were worth $2,748,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. West Oak Capital LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the second quarter worth $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the first quarter valued at $27,000. Truvestments Capital LLC lifted its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the period. Finally, REAP Financial Group LLC grew its position in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 567,625 shares of company stock worth $55,385,660. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UBER shares. Raymond James Financial increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. TD Cowen boosted their price objective on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. BMO Capital Markets lowered their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Guggenheim reduced their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Trading Down 0.1%

NYSE:UBER opened at $83.63 on Wednesday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $94.22 and its 200 day moving average is $91.97. The stock has a market capitalization of $173.76 billion, a PE ratio of 10.75 and a beta of 1.46.

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

About Uber Technologies

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.