Uber Technologies, Inc. $UBER Shares Sold by Condor Capital Management

Condor Capital Management trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,004 shares of the ride-sharing company’s stock after selling 1,024 shares during the quarter. Condor Capital Management’s holdings in Uber Technologies were worth $2,706,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. West Oak Capital LLC purchased a new stake in shares of Uber Technologies during the second quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies during the second quarter worth about $30,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the first quarter worth about $27,000. Truvestments Capital LLC grew 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 acquiring an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC raised its holdings in 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 acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 598,875 shares of company stock valued at $58,407,848 in the last ninety days. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Raymond James Financial lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Finally, Sanford C. Bernstein boosted their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $91.56 on Friday. The firm has a market cap of $190.24 billion, a PE ratio of 11.77 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business’s fifty day simple moving average is $95.50 and its 200-day simple moving average is $91.66.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts forecast 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.