Titleist Asset Management LLC Sells 26,121 Shares of Uber Technologies, Inc. $UBER

Titleist Asset Management LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,355 shares of the ride-sharing company’s stock after selling 26,121 shares during the quarter. Titleist Asset Management LLC’s holdings in Uber Technologies were worth $780,000 at the end of the most recent quarter.

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

Insider Activity

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the transaction, the insider directly owned 174,135 shares in the company, valued at approximately $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 570,750 shares of company stock valued at $55,682,535. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UBER shares. BMO Capital Markets cut their price target on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Wedbush dropped their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Sanford C. Bernstein increased their target price on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Truist Financial boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a research note on Wednesday, October 29th. Two investment 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’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Trading Up 0.5%

Shares of NYSE UBER opened at $83.81 on Monday. The business’s 50 day moving average is $94.81 and its two-hundred day moving average is $91.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The stock has a market capitalization of $174.14 billion, a P/E ratio of 10.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS 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.