SAM Advisors LLC Sells 804 Shares of Uber Technologies, Inc. $UBER

SAM Advisors LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,728 shares of the ride-sharing company’s stock after selling 804 shares during the period. Uber Technologies makes up 1.6% of SAM Advisors LLC’s holdings, making the stock its 11th biggest holding. SAM Advisors LLC’s holdings in Uber Technologies were worth $4,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Nova Wealth Management Inc. increased its position in shares of Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Atticus Wealth Management LLC increased its position in shares of Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 127 shares in the last quarter. Forum Financial Management LP increased its position in shares of Uber Technologies by 1.3% during the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after acquiring an additional 136 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after acquiring an additional 138 shares in the last quarter. Finally, Rogco LP increased its position in shares of Uber Technologies by 1.6% during the second quarter. Rogco LP now owns 8,925 shares of the ride-sharing company’s stock worth $833,000 after acquiring an additional 139 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. Bank of America upped their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Susquehanna upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.68.

Get Our Latest Research Report on Uber Technologies

Uber Technologies Stock Down 0.2%

UBER opened at $92.29 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $192.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.48. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company’s 50-day moving average price is $95.22 and its two-hundred day moving average price is $88.60.

Uber Technologies (NYSE:UBERGet Free Report) last released its 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. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’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 transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 601,821 shares of company stock valued at $58,659,491. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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