Swedbank AB Sells 295,272 Shares of Uber Technologies, Inc. $UBER

Swedbank AB trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 26.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 807,889 shares of the ride-sharing company’s stock after selling 295,272 shares during the period. Swedbank AB’s holdings in Uber Technologies were worth $58,863,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 223 shares during the period. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 299 shares during the period. Finally, Perkins Coie Trust Co lifted its holdings in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 306 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares of the company’s stock, valued at $16,175,555. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Up 1.3%

UBER opened at $95.90 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $199.99 billion, a PE ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The firm has a 50-day moving average price of $92.62 and a two-hundred day moving average price of $84.58.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Barclays reissued an “overweight” rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Stifel Nicolaus lifted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Finally, Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.06.

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.