Cape ANN Savings Bank Sells 235 Shares of Uber Technologies, Inc. $UBER

Cape ANN Savings Bank reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,095 shares of the ride-sharing company’s stock after selling 235 shares during the period. Cape ANN Savings Bank’s holdings in Uber Technologies were worth $289,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fortis Capital Advisors LLC lifted its holdings in Uber Technologies by 47.5% during the 2nd quarter. Fortis Capital Advisors LLC now owns 12,710 shares of the ride-sharing company’s stock valued at $1,186,000 after purchasing an additional 4,091 shares during the last quarter. Fairvoy Private Wealth LLC raised its stake in shares of Uber Technologies by 2.4% in the second quarter. Fairvoy Private Wealth LLC now owns 64,737 shares of the ride-sharing company’s stock valued at $6,040,000 after acquiring an additional 1,521 shares during the last quarter. Ascent Group LLC raised its stake in shares of Uber Technologies by 4.8% in the second quarter. Ascent Group LLC now owns 29,377 shares of the ride-sharing company’s stock valued at $2,741,000 after acquiring an additional 1,348 shares during the last quarter. Consilium Wealth Advisory LLC raised its stake in shares of Uber Technologies by 58.4% in the second quarter. Consilium Wealth Advisory LLC now owns 11,024 shares of the ride-sharing company’s stock valued at $1,029,000 after acquiring an additional 4,063 shares during the last quarter. Finally, Whelan Financial raised its stake in shares of Uber Technologies by 39.4% in the second quarter. Whelan Financial now owns 7,435 shares of the ride-sharing company’s stock valued at $694,000 after acquiring an additional 2,100 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UBER shares. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Roth Capital lifted their price target on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Piper Sandler lifted their price target on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Stifel Nicolaus lifted their price target on Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Susquehanna boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $104.03.

Uber Technologies Stock Performance

Uber Technologies stock opened at $96.53 on Friday. The company’s 50-day moving average is $93.93 and its two-hundred day moving average is $87.04. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market cap of $201.30 billion, a PE ratio of 16.44 and a beta of 1.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last announced 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 business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock worth $58,920,741 over the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

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.