Uber Technologies, Inc. $UBER Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,217 shares of the ride-sharing company’s stock after selling 92,553 shares during the period. Gateway Investment Advisers LLC’s holdings in Uber Technologies were worth $28,383,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC boosted its stake in Uber Technologies by 2.2% during the second quarter. Aaron Wealth Advisors LLC now owns 45,909 shares of the ride-sharing company’s stock worth $4,283,000 after buying an additional 972 shares during the period. Blodgett Wealth Advisors LLC boosted its stake in Uber Technologies by 7.8% during the second quarter. Blodgett Wealth Advisors LLC now owns 15,330 shares of the ride-sharing company’s stock worth $1,430,000 after buying an additional 1,110 shares during the period. StrongBox Wealth LLC boosted its stake in Uber Technologies by 15.9% during the second quarter. StrongBox Wealth LLC now owns 5,572 shares of the ride-sharing company’s stock worth $520,000 after buying an additional 763 shares during the period. Thrive Wealth Management LLC purchased a new position in Uber Technologies during the second quarter worth about $213,000. Finally, Breakwater Capital Group purchased a new position in Uber Technologies during the second quarter worth about $222,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.9%

Shares of NYSE:UBER opened at $97.97 on Wednesday. The firm’s 50 day moving average price is $92.67 and its 200 day moving average price is $84.96. The stock has a market cap of $204.31 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $99.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its earnings results 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 firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s 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 directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 348,696 shares of company stock valued at $33,243,774 over the last quarter. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America increased their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Royal Bank Of Canada increased their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Barclays reissued an “overweight” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.06.

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.