Uber Technologies, Inc. $UBER Shares Sold by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,055 shares of the ride-sharing company’s stock after selling 380 shares during the period. Earned Wealth Advisors LLC’s holdings in Uber Technologies were worth $472,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IFG Advisory LLC raised its holdings in shares of Uber Technologies by 39.4% in the second quarter. IFG Advisory LLC now owns 10,874 shares of the ride-sharing company’s stock valued at $1,015,000 after buying an additional 3,076 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in Uber Technologies by 13.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 63,847 shares of the ride-sharing company’s stock valued at $5,957,000 after acquiring an additional 7,502 shares during the period. UNIVEST FINANCIAL Corp increased its position in Uber Technologies by 43.8% in the 2nd quarter. UNIVEST FINANCIAL Corp now owns 65,131 shares of the ride-sharing company’s stock valued at $6,077,000 after acquiring an additional 19,826 shares during the period. Aljian Capital Management LLC raised its stake in Uber Technologies by 1.6% during the 2nd quarter. Aljian Capital Management LLC now owns 17,389 shares of the ride-sharing company’s stock valued at $1,622,000 after acquiring an additional 275 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its position in Uber Technologies by 12.9% during the 2nd quarter. Simon Quick Advisors LLC now owns 28,289 shares of the ride-sharing company’s stock worth $2,639,000 after acquiring an additional 3,233 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.8%

Shares of NYSE UBER opened at $96.49 on Friday. The stock has a market capitalization of $201.21 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. 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 $95.56 and a 200 day moving average price of $90.22. 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 (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company 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 firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UBER. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. KeyCorp lifted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Mizuho started coverage on shares of Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Stifel Nicolaus raised their target price on shares of Uber Technologies from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Barclays reaffirmed an “overweight” rating and issued a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $106.82.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 in the last 90 days. Insiders own 3.84% of the company’s stock.

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.