Uber Technologies, Inc. (NYSE:UBER) Stock Position Reduced by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 27.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 402,157 shares of the ride-sharing company’s stock after selling 151,246 shares during the period. Douglas Lane & Associates LLC’s holdings in Uber Technologies were worth $30,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC raised its stake in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies during the 1st quarter valued at $32,000. Finally, MCF Advisors LLC raised its stake in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies 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 completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on UBER shares. Bank of America reaffirmed a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a research note on Friday. Loop Capital lifted their price target on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. JMP Securities lifted their price target on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Citigroup lifted their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

Uber Technologies Stock Up 10.8 %

Shares of Uber Technologies stock traded up $8.42 during midday trading on Friday, hitting $86.34. The company’s stock had a trading volume of 57,290,484 shares, compared to its average volume of 14,189,808. The firm has a market capitalization of $181.40 billion, a P/E ratio of 94.88, a PEG ratio of 1.35 and a beta of 1.33. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $87.00. 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 stock has a 50-day simple moving average of $72.65 and a 200-day simple moving average of $70.51.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.08 earnings per share for the current 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.