Uber Technologies, Inc. $UBER Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,305 shares of the ride-sharing company’s stock after selling 22,726 shares during the quarter. Uber Technologies accounts for 0.6% of Level Four Advisory Services LLC’s portfolio, making the stock its 28th largest position. Level Four Advisory Services LLC’s holdings in Uber Technologies were worth $15,796,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Uber Technologies by 14.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 916,634 shares of the ride-sharing company’s stock worth $85,522,000 after buying an additional 112,930 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Uber Technologies by 20.5% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,427,836 shares of the ride-sharing company’s stock worth $506,417,000 after acquiring an additional 923,409 shares in the last quarter. Alcosta Capital Management Inc. acquired a new position in Uber Technologies during the 2nd quarter worth $5,154,000. State Board of Administration of Florida Retirement System increased its position in shares of Uber Technologies by 0.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,976,660 shares of the ride-sharing company’s stock worth $184,422,000 after purchasing an additional 13,137 shares during the last quarter. Finally, DLD Asset Management LP acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at about $234,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 2.5%

Shares of NYSE UBER opened at $85.79 on Friday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a market cap of $178.26 billion, a price-to-earnings ratio of 11.03 and a beta of 1.46. 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 stock’s 50 day simple moving average is $93.90 and its 200 day simple moving average is $91.88.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion for 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%.The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company earned $1.20 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Sanford C. Bernstein increased their price target on shares of 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 increased their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald lifted their price objective on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $108.26.

Insider Buying and Selling

In related news, 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 value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the transaction, the insider directly owned 174,135 shares of the company’s stock, valued at $16,037,833.50. The trade was a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 567,625 shares of company stock valued at $55,385,660 in the last quarter. Company insiders own 3.84% of the company’s stock.

Uber Technologies 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.