Uber Technologies, Inc. $UBER Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 41.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,394 shares of the ride-sharing company’s stock after selling 2,382 shares during the quarter. Uber Technologies accounts for about 0.3% of Interchange Capital Partners LLC’s portfolio, making the stock its 26th biggest holding. Interchange Capital Partners LLC’s holdings in Uber Technologies were worth $317,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Bison Wealth LLC boosted its stake in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the last quarter. GAMMA Investing LLC boosted its stake in Uber Technologies by 319.6% during the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock worth $1,658,000 after purchasing an additional 17,330 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Uber Technologies by 44.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 217,196 shares of the ride-sharing company’s stock worth $15,825,000 after purchasing an additional 66,783 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the company’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 sale, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,821 shares of company stock valued at $58,659,491. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on UBER. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Raymond James Financial lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Barclays reiterated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Finally, Roth Capital lifted their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.06.

Uber Technologies Stock Up 0.1%

Shares of UBER opened at $94.21 on Wednesday. The firm has a market cap of $196.47 billion, a P/E ratio of 16.05 and a beta of 1.48. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company’s 50-day moving average price is $95.07 and its 200 day moving average price is $88.19. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.