Uber Technologies, Inc. (NYSE:UBER) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 49.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,162,753 shares of the ride-sharing company’s stock after selling 3,053,429 shares during the quarter. 1832 Asset Management L.P.’s holdings in Uber Technologies were worth $229,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC boosted its stake in Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after acquiring an additional 151 shares during the last quarter. Hilltop Holdings Inc. raised its position in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 157 shares during the period. Sivia Capital Partners LLC lifted its stake in Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in Uber Technologies by 6.1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after purchasing an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 160 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

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

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

Insider Transactions at Uber Technologies

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Melius Research assumed coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. The Goldman Sachs Group lifted their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. DA Davidson boosted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. JMP Securities increased their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

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.