Uber Technologies, Inc. $UBER Shares Sold by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 22.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,230 shares of the ride-sharing company’s stock after selling 1,252 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Uber Technologies were worth $398,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UBER. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies in the 1st quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC increased its stake in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. increased its stake in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. increased its stake in Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Boston Partners increased its stake in Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after purchasing an additional 2,749,456 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. Bank of America raised their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Stifel Nicolaus raised their price objective on Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Piper Sandler raised their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Two equities research analysts have 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.03.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $93.52 on Monday. The company has a market cap of $195.03 billion, a P/E ratio of 15.93 and a beta of 1.48. 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 business has a fifty day simple moving average of $94.86 and a 200-day simple moving average of $88.00.

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 analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current 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.