ZEGA Investments LLC Sells 14,865 Shares of Uber Technologies, Inc. $UBER

ZEGA Investments LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 75.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,850 shares of the ride-sharing company’s stock after selling 14,865 shares during the period. ZEGA Investments LLC’s holdings in Uber Technologies were worth $453,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. West Oak Capital LLC bought a new position in Uber Technologies in the second quarter worth approximately $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies in the 2nd quarter valued at $30,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC lifted its stake in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UBER shares. TD Cowen lifted their target price on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp boosted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Truist Financial raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler set a $107.00 price target on Uber Technologies in a research report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the transaction, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.1%

Uber Technologies stock opened at $92.03 on Friday. The business’s 50-day simple moving average is $95.46 and its two-hundred day simple moving average is $91.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15. The company has a market cap of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm 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%.The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.