Oxinas Partners Wealth Management LLC Sells 765 Shares of Uber Technologies, Inc. (NYSE:UBER)

Oxinas Partners Wealth Management LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,729 shares of the ride-sharing company’s stock after selling 765 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Uber Technologies were worth $903,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth $30,000. Highlander Capital Management LLC grew its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC acquired a new position in Uber Technologies during the 4th quarter valued at about $31,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.43 during midday trading on Tuesday, hitting $70.67. The company had a trading volume of 14,301,358 shares, compared to its average volume of 19,376,252. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $67.94 and a two-hundred day simple moving average of $69.95. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The firm has a market capitalization of $147.67 billion, a price-to-earnings ratio of 113.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on UBER shares. Bank of America dropped their price target on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. Moffett Nathanson restated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Tony West sold 28,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. In the last three months, insiders sold 635,984 shares of company stock valued at $42,258,297. Company insiders own 3.80% of the company’s stock.

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.