Quest Investment Management LLC Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Quest Investment Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,460 shares of the ride-sharing company’s stock after selling 3,205 shares during the quarter. Quest Investment Management LLC’s holdings in Uber Technologies were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies during the first quarter worth $32,000. Finally, MCF Advisors LLC grew its position in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $73.94 on Friday. The stock’s 50 day moving average is $69.60 and its two-hundred day moving average is $70.72. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a market capitalization of $154.50 billion, a PE ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Analysts predict that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UBER shares. Citigroup raised their price target on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Roth Mkm boosted their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. DA Davidson upped their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

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.