Sykon Capital LLC Sells 2,132 Shares of Uber Technologies, Inc. $UBER

Sykon Capital LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,825 shares of the ride-sharing company’s stock after selling 2,132 shares during the period. Sykon Capital LLC’s holdings in Uber Technologies were worth $2,130,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UBER. Vanguard Group Inc. lifted its holdings in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Geode Capital Management LLC increased its position in Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after buying an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies in the first quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC grew its stake in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Finally, Northern Trust Corp increased its position in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after acquiring an additional 720,122 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the transaction, the insider owned 172,846 shares of the company’s stock, valued at $16,074,678. This trade represents a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 598,875 shares of company stock worth $58,407,848. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Tuesday, November 11th. Cantor Fitzgerald increased their target price on Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Truist Financial boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Stock Performance

NYSE:UBER opened at $91.56 on Monday. 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 stock’s 50-day simple moving average is $95.50 and its 200 day simple moving average is $91.82. The firm has a market capitalization of $190.24 billion, a PE ratio of 11.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.