WBI Investments LLC Has $332,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

WBI Investments LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 86.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,311 shares of the ride-sharing company’s stock after selling 26,938 shares during the period. WBI Investments LLC’s holdings in Uber Technologies were worth $332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in shares of Uber Technologies by 15.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 72,204 shares of the ride-sharing company’s stock valued at $3,321,000 after buying an additional 9,713 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Uber Technologies by 2.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,067 shares of the ride-sharing company’s stock valued at $1,291,000 after purchasing an additional 796 shares during the period. OLD National Bancorp IN boosted its position in shares of Uber Technologies by 3.3% during the 3rd quarter. OLD National Bancorp IN now owns 9,752 shares of the ride-sharing company’s stock valued at $448,000 after purchasing an additional 311 shares in the last quarter. Diversified Trust Co grew its stake in Uber Technologies by 11.1% during the third quarter. Diversified Trust Co now owns 15,580 shares of the ride-sharing company’s stock worth $717,000 after purchasing an additional 1,558 shares during the period. Finally, Kampmann Melissa S. bought a new stake in Uber Technologies in the third quarter worth approximately $3,470,000. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Tony West sold 28,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The shares were 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 directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock valued at $42,258,297 over the last three months. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on UBER shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 15th. Moffett Nathanson reaffirmed a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Thursday, April 11th. UBS Group cut their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Bank of America decreased their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Piper Sandler raised their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Stock Performance

NYSE UBER traded up $3.86 during trading on Thursday, hitting $73.13. 20,519,204 shares of the company’s stock traded hands, compared to its average volume of 18,988,641. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $152.81 billion, a price-to-earnings ratio of 112.24, a PEG ratio of 1.56 and a beta of 1.36. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The business has a 50 day moving average of $68.27 and a 200-day moving average of $70.29.

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