Uber Technologies, Inc. $UBER Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 692 shares of the ride-sharing company’s stock after selling 181 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Uber Technologies were worth $65,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PDS Planning Inc boosted its position in shares of Uber Technologies by 13.7% during the 2nd quarter. PDS Planning Inc now owns 8,471 shares of the ride-sharing company’s stock worth $790,000 after acquiring an additional 1,019 shares in the last quarter. Gunderson Capital Management Inc. acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $7,577,000. Robertson Stephens Wealth Management LLC boosted its position in shares of Uber Technologies by 22.0% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 4,832 shares of the ride-sharing company’s stock worth $451,000 after acquiring an additional 871 shares in the last quarter. Costello Asset Management INC boosted its position in shares of Uber Technologies by 2.4% during the 2nd quarter. Costello Asset Management INC now owns 34,402 shares of the ride-sharing company’s stock worth $3,210,000 after acquiring an additional 800 shares in the last quarter. Finally, Monument Capital Management acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $3,208,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on UBER shares. Roth Capital upped their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Barclays reissued an “overweight” rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Wedbush reduced their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Wells Fargo & Company reduced their target price on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Finally, UBS Group boosted their target price on Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 over the last quarter. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 2.6%

UBER opened at $93.52 on Friday. The business has a 50 day moving average price of $94.86 and a two-hundred day moving average price of $87.91. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $195.03 billion, a PE ratio of 15.93 and a beta of 1.48. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

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