Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,200 shares of the ride-sharing company’s stock after selling 500 shares during the period. Carret Asset Management LLC’s holdings in Uber Technologies were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. WR Wealth Planners LLC boosted its position in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Uber Technologies in the 1st quarter valued at about $32,000. Founders Capital Management acquired a new stake in shares of Uber Technologies during the second quarter valued at about $33,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Uber Technologies during the first quarter worth about $37,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER opened at $73.13 on Tuesday. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock’s fifty day moving average is $69.50 and its 200-day moving average is $71.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $153.64 billion, a price-to-earnings ratio of 117.95, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 1.05 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 28,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders have sold 617,234 shares of company stock worth $44,017,734 over the last quarter. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on UBER. DA Davidson raised their price objective on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JMP Securities raised their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company upped their price target on shares of Uber Technologies from $91.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Bank of America reissued a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a report on Friday, August 23rd. Finally, Citigroup upped their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

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.