Scholtz & Company LLC Has $5.92 Million Position in Uber Technologies, Inc. $UBER

Scholtz & Company LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 63,409 shares of the ride-sharing company’s stock after selling 1,405 shares during the period. Uber Technologies accounts for 2.6% of Scholtz & Company LLC’s holdings, making the stock its 14th largest holding. Scholtz & Company LLC’s holdings in Uber Technologies were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nova Wealth Management Inc. increased its holdings in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Atticus Wealth Management LLC boosted its position in shares of Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 127 shares during the period. Forum Financial Management LP boosted its position in shares of Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after acquiring an additional 136 shares during the period. Crewe Advisors LLC boosted its position in shares of Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after acquiring an additional 137 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after acquiring an additional 138 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 0.8%

UBER opened at $96.49 on Friday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a 50-day simple moving average of $95.56 and a 200 day simple moving average 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. 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 (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UBER shares. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Guggenheim raised shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Susquehanna boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.82.

Insider Activity

In other Uber Technologies news, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. The trade was a 36.82% 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, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.84% of the company’s stock.

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.