Empower Advisory Group LLC Sells 874,377 Shares of Uber Technologies, Inc. $UBER

Empower Advisory Group LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 93.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,810 shares of the ride-sharing company’s stock after selling 874,377 shares during the period. Empower Advisory Group LLC’s holdings in Uber Technologies were worth $5,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. West Oak Capital LLC bought a new position in shares of Uber Technologies in the second quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the second quarter worth about $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter worth about $27,000. Truvestments Capital LLC increased its holdings in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 0.2%

NYSE UBER opened at $91.56 on Friday. The company has a market cap of $190.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.46. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $95.50 and its 200 day moving average is $91.74.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the company earned $1.20 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 598,875 shares of company stock worth $58,407,848 in the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $122.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Guggenheim lowered their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Finally, Truist Financial boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.26.

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.