Tradewinds Capital Management LLC Sells 385 Shares of Uber Technologies, Inc. $UBER

Tradewinds Capital Management LLC lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,525 shares of the ride-sharing company’s stock after selling 385 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Uber Technologies were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Vision Financial Markets LLC bought a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. West Oak Capital LLC bought a new stake in Uber Technologies during the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC raised its stake in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies during the 1st quarter valued at approximately $31,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Tony West sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’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 transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,821 shares of company stock worth $58,659,491. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $92.29 on Friday. The company has a market cap of $192.47 billion, a P/E ratio of 15.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50 day moving average price is $95.22 and its 200-day moving average price is $88.50. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for 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 company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on UBER. Piper Sandler lifted their target price on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Mizuho began coverage on Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Sanford C. Bernstein raised their price target on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.68.

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.