Uber Technologies, Inc. $UBER Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,970 shares of the ride-sharing company’s stock after selling 28,437 shares during the quarter. Uber Technologies accounts for 0.7% of Highland Capital Management LLC’s portfolio, making the stock its 27th largest position. Highland Capital Management LLC’s holdings in Uber Technologies were worth $12,873,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the first quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC grew its stake in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock valued at $1,401,873,000 after buying an additional 720,122 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after acquiring an additional 394,157 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on UBER. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Needham & Company LLC boosted their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Royal Bank Of Canada raised their target price on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Bank of America lifted their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $104.03.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’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 completion of the transaction, the chief financial officer owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 604,571 shares of company stock valued at $58,920,741. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 0.1%

Uber Technologies stock opened at $96.53 on Friday. The firm has a market cap of $201.30 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm’s 50 day moving average price is $93.93 and its two-hundred day moving average price is $87.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

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