Uber Technologies, Inc. $UBER Stock Holdings Trimmed by Simplicity Wealth LLC

Simplicity Wealth LLC decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,258 shares of the ride-sharing company’s stock after selling 1,122 shares during the quarter. Simplicity Wealth LLC’s holdings in Uber Technologies were worth $1,237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its position in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after buying an additional 3,073 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Uber Technologies during the 2nd quarter worth about $96,000. Geneos Wealth Management Inc. lifted its stake in shares of Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after acquiring an additional 91,362 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Uber Technologies by 42.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after acquiring an additional 226,960 shares in the last quarter. Finally, Kapstone Financial Advisors LLC acquired a new position in shares of Uber Technologies during the second quarter valued at approximately $415,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UBER. Stifel Nicolaus upped their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Roth Capital upped their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the sale, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $273,405.00. Following the completion of the sale, the chief financial officer directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 601,821 shares of company stock worth $58,659,491. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

UBER stock opened at $100.02 on Tuesday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The firm has a 50-day moving average of $94.12 and a two-hundred day moving average of $87.40. The firm has a market capitalization of $208.58 billion, a PE ratio of 17.04 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 released its earnings results 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 for the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.