Bernard Wealth Management Corp. Reduces Holdings in Uber Technologies, Inc. $UBER

Bernard Wealth Management Corp. trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,367 shares of the ride-sharing company’s stock after selling 1,369 shares during the period. Uber Technologies makes up 0.6% of Bernard Wealth Management Corp.’s investment portfolio, making the stock its 28th largest holding. Bernard Wealth Management Corp.’s holdings in Uber Technologies were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of UBER. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC grew its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Uber Technologies by 319.6% in the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock valued at $1,658,000 after buying an additional 17,330 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its position in shares of Uber Technologies by 6.3% in the 1st quarter. Integrated Advisors Network LLC now owns 12,905 shares of the ride-sharing company’s stock valued at $940,000 after buying an additional 770 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.6%

Shares of NYSE UBER opened at $93.52 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The firm has a 50-day moving average price of $94.86 and a 200 day moving average price of $87.81. The stock has a market capitalization of $195.03 billion, a price-to-earnings ratio of 15.93 and a beta of 1.48.

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

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UBER shares. JPMorgan Chase & Co. increased their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Canaccord Genuity Group restated a “hold” rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, UBS Group raised their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.03.

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.