West Family Investments Inc. Sells 1,940 Shares of Uber Technologies, Inc. (NYSE:UBER)

West Family Investments Inc. lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 34.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,770 shares of the ride-sharing company’s stock after selling 1,940 shares during the period. West Family Investments Inc.’s holdings in Uber Technologies were worth $275,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in Uber Technologies in the 1st quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the 4th quarter valued at $28,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research analyst reports. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, May 15th. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Citigroup boosted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Thirteen investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $97.63.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company’s stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares of the company’s stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock worth $3,496,071 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 1.6%

UBER stock opened at $93.88 on Tuesday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $196.32 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The firm has a 50-day moving average price of $88.64 and a 200-day moving average price of $77.98.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted ($0.32) earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.