Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.5% in the second quarter, Holdings Channel.com reports. The fund owned 15,226 shares of the ride-sharing company’s stock after selling 3,689 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in Uber Technologies were worth $1,107,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Uber Technologies by 23.4% during the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after acquiring an additional 2,225 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $444,000. Savant Capital LLC lifted its stake in shares of Uber Technologies by 9.3% during the fourth quarter. Savant Capital LLC now owns 7,390 shares of the ride-sharing company’s stock worth $455,000 after purchasing an additional 631 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Uber Technologies by 6.1% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,672 shares of the ride-sharing company’s stock worth $411,000 after buying an additional 382 shares during the period. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $398,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. Piper Sandler upped their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Jefferies Financial Group decreased their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Wedbush restated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Roth Mkm increased their price target on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 617,234 shares of company stock valued at $44,017,734. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.2 %

Shares of UBER stock traded up $0.89 during trading hours on Friday, reaching $73.13. 12,676,935 shares of the stock traded hands, compared to its average volume of 16,805,514. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $152.81 billion, a PE ratio of 117.95, a PEG ratio of 1.32 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The business has a fifty day moving average price of $69.50 and a 200 day moving average price of $71.47.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.05 EPS 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.