Watts Gwilliam & Co. LLC Sells 37,815 Shares of Uber Technologies, Inc. $UBER

Watts Gwilliam & Co. LLC cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 52.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,934 shares of the ride-sharing company’s stock after selling 37,815 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Uber Technologies were worth $3,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after purchasing an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after buying an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. acquired a new position in Uber Technologies during the 1st quarter worth about $2,207,743,000. Norges Bank bought a new stake in Uber Technologies during the 2nd quarter worth about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its position in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the sale, the insider directly owned 174,135 shares in the company, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 267,625 shares of company stock valued at $26,774,660. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Trading Down 0.4%

NYSE:UBER opened at $85.13 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The firm has a market capitalization of $176.88 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19. The business’s 50-day moving average price is $91.78 and its two-hundred day moving average price is $91.80.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UBER shares. Barclays reduced their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. BMO Capital Markets reduced their price objective on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a research note on Tuesday, November 4th. Arete Research set a $125.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

About Uber Technologies

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.