Altshuler Shaham Ltd Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Altshuler Shaham Ltd lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 84.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,054 shares of the ride-sharing company’s stock after selling 16,260 shares during the quarter. Altshuler Shaham Ltd’s holdings in Uber Technologies were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Precision Wealth Strategies LLC bought a new position in Uber Technologies in the 4th quarter worth $444,000. 9258 Wealth Management LLC increased its position in shares of Uber Technologies by 52.6% during the fourth quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock valued at $747,000 after buying an additional 4,185 shares during the period. Rollins Financial bought a new position in Uber Technologies in the fourth quarter worth about $265,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Uber Technologies by 12.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 247,108 shares of the ride-sharing company’s stock worth $15,214,000 after buying an additional 27,342 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in Uber Technologies by 20.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 21,192 shares of the ride-sharing company’s stock valued at $1,251,000 after acquiring an additional 3,551 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

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

Uber Technologies Stock Down 1.8 %

Uber Technologies stock opened at $73.94 on Monday. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a fifty day moving average of $69.60 and a 200 day moving average of $70.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $154.50 billion, a PE ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm 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 for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. JMP Securities raised their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Roth Mkm upped their target price on shares of Uber Technologies from $89.00 to $90.00 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 research note on Wednesday, August 7th. Finally, TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Company 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.