Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 26.6% in the second quarter, Holdings Channel.com reports. The firm owned 67,873 shares of the ride-sharing company’s stock after selling 24,564 shares during the period. Artemis Investment Management LLP’s holdings in Uber Technologies were worth $4,933,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Czech National Bank boosted its stake in shares of Uber Technologies by 10.0% in the second quarter. Czech National Bank now owns 398,177 shares of the ride-sharing company’s stock worth $28,940,000 after buying an additional 36,095 shares during the last quarter. Mirador Capital Partners LP boosted its position in Uber Technologies by 41.9% in the 2nd quarter. Mirador Capital Partners LP now owns 58,343 shares of the ride-sharing company’s stock valued at $4,240,000 after buying an additional 17,235 shares during the period. Curated Wealth Partners LLC grew its position in shares of Uber Technologies by 212.8% during the second quarter. Curated Wealth Partners LLC now owns 6,235 shares of the ride-sharing company’s stock worth $453,000 after buying an additional 11,762 shares in the last quarter. Carr Financial Group Corp purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $267,000. Finally, Hexagon Capital Partners LLC raised its stake in Uber Technologies by 9.2% in the second quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the ride-sharing company’s stock valued at $215,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. Evercore ISI lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their price target on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Melius assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Finally, Truist Financial boosted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.47.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,117,234 shares of company stock valued at $76,982,734. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

UBER traded up $0.42 during trading on Monday, hitting $68.96. The stock had a trading volume of 5,670,491 shares, compared to its average volume of 19,185,934. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market cap of $144.09 billion, a PE ratio of 111.35, a P/E/G ratio of 1.45 and a beta of 1.36. The company has a 50 day simple moving average of $68.47 and a 200-day simple moving average of $71.05.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $10.57 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 0.84 EPS for the current year.

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.