Legacy Advisors LLC Has $951,000 Stock Holdings in Uber Technologies, Inc. $UBER

Legacy Advisors LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 91.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,188 shares of the ride-sharing company’s stock after selling 109,050 shares during the quarter. Uber Technologies comprises 0.9% of Legacy Advisors LLC’s portfolio, making the stock its 15th biggest holding. Legacy Advisors LLC’s holdings in Uber Technologies were worth $951,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. bought a new position in Uber Technologies in the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Northern Trust Corp lifted its holdings in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after buying an additional 720,122 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock valued at $995,801,000 after buying an additional 394,157 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies 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 in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. Mizuho began coverage on Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Guggenheim cut their target price on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. KeyCorp lifted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, Susquehanna reissued a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Stock Performance

Shares of UBER stock opened at $94.17 on Tuesday. The stock has a market cap of $195.67 billion, a PE ratio of 12.10 and a beta of 1.46. The stock has a 50-day moving average of $95.47 and a 200-day moving average of $91.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share 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.