Signature Estate & Investment Advisors LLC Has $64.97 Million Stock Position in Uber Technologies, Inc. $UBER

Signature Estate & Investment Advisors LLC reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 6.7% in the 1st quarter, HoldingsChannel reports. The fund owned 891,680 shares of the ride-sharing company’s stock after selling 64,459 shares during the period. Uber Technologies comprises approximately 1.7% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 13th biggest position. Signature Estate & Investment Advisors LLC’s holdings in Uber Technologies were worth $64,968,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Uber Technologies by 65.0% during the fourth 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 period. Mufg Securities Americas Inc. acquired a new stake in shares of Uber Technologies during the fourth quarter worth $1,875,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Uber Technologies during the first quarter worth $943,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Uber Technologies by 29.4% during the first quarter. Exchange Traded Concepts LLC now owns 2,939 shares of the ride-sharing company’s stock worth $214,000 after buying an additional 667 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective 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. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a report on Friday, May 23rd. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. UBS Group raised their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock valued at $4,632,774 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Down 1.2%

Shares of NYSE UBER opened at $90.89 on Monday. The stock has a market capitalization of $189.54 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a 50-day moving average price of $92.42 and a 200-day moving average price of $84.05. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last released 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 company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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.