Total Wealth Planning & Management Inc. Has $1.02 Million Holdings in Uber Technologies, Inc. $UBER

Total Wealth Planning & Management Inc. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,955 shares of the ride-sharing company’s stock after selling 3,537 shares during the quarter. Uber Technologies comprises 0.8% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 26th largest holding. Total Wealth Planning & Management Inc.’s holdings in Uber Technologies were worth $1,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 299 shares in the last quarter. Finally, Truvestments Capital LLC increased its holdings 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 valued at $30,000 after acquiring an additional 339 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 3.2%

Shares of Uber Technologies stock opened at $96.06 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm has a market cap of $200.32 billion, a PE ratio of 16.36 and a beta of 1.48. The stock has a fifty day moving average price of $94.73 and a 200-day moving average price of $87.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

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

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a report on Saturday, September 27th. Roth Capital raised their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Barclays reiterated an “overweight” rating and issued a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Sanford C. Bernstein increased their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 100,000 shares of the 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 transaction, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock worth $58,659,491 in the last three months. Corporate insiders own 3.84% of the company’s stock.

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.