Uber Technologies, Inc. $UBER Shares Sold by TigerOak Management L.L.C.

TigerOak Management L.L.C. cut its position in Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,473 shares of the ride-sharing company’s stock after selling 144 shares during the period. Uber Technologies accounts for 0.7% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 24th largest holding. TigerOak Management L.L.C.’s holdings in Uber Technologies were worth $2,003,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after purchasing an additional 3,073 shares during the period. Geneos Wealth Management Inc. increased its holdings in Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after buying an additional 91,362 shares in the last quarter. Kapstone Financial Advisors LLC acquired a new position in Uber Technologies during the second quarter worth $415,000. Revolve Wealth Partners LLC raised its stake in shares of 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 buying an additional 6,129 shares during the last quarter. Finally, Davis Investment Partners LLC purchased a new stake in shares of Uber Technologies in the second quarter valued at about $435,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock worth $58,920,741 over the last ninety days. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on UBER. Wells Fargo & Company raised their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Needham & Company LLC boosted their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. BMO Capital Markets raised their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein increased their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Uber Technologies Trading Down 0.1%

NYSE:UBER opened at $97.70 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. 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 is $92.99 and its 200-day moving average is $85.78. The firm has a market cap of $203.75 billion, a price-to-earnings ratio of 16.64 and a beta of 1.43.

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

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.