Uber Technologies, Inc. $UBER Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,952 shares of the ride-sharing company’s stock after selling 9,862 shares during the period. Uber Technologies makes up 3.3% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position. Canvas Wealth Advisors LLC’s holdings in Uber Technologies were worth $16,575,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter worth $27,000. West Oak Capital LLC acquired a new stake in Uber Technologies during the 2nd quarter valued at $28,000. Truvestments Capital LLC grew its holdings 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Finally, UBS Group raised their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.68.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 601,821 shares of company stock worth $58,659,491. Company insiders own 3.70% of the company’s stock.

Uber Technologies Trading Down 0.2%

Uber Technologies stock opened at $92.29 on Monday. The firm’s 50-day moving average is $95.22 and its 200-day moving average is $88.73. 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, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market cap of $192.47 billion, a P/E ratio of 15.72 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last posted its quarterly 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. 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 the consensus estimate of $12.45 billion. During the same period last year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.