Front Row Advisors LLC Has $58,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Front Row Advisors LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 20.0% in the second quarter, HoldingsChannel reports. The firm owned 800 shares of the ride-sharing company’s stock after selling 200 shares during the period. Front Row Advisors LLC’s holdings in Uber Technologies were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Uber Technologies by 40.4% in the second quarter. NewEdge Advisors LLC now owns 176,713 shares of the ride-sharing company’s stock worth $12,844,000 after acquiring an additional 50,856 shares in the last quarter. Nemes Rush Group LLC grew its holdings in shares of Uber Technologies by 7.5% in the second quarter. Nemes Rush Group LLC now owns 20,441 shares of the ride-sharing company’s stock valued at $1,486,000 after acquiring an additional 1,434 shares in the last quarter. Creative Planning increased its position in shares of Uber Technologies by 3.3% during the 2nd quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock valued at $10,587,000 after purchasing an additional 4,600 shares during the last quarter. Ascent Group LLC increased its holdings in Uber Technologies by 8.1% during the second quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock worth $1,501,000 after buying an additional 1,546 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in shares of Uber Technologies by 6.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 29,405 shares of the ride-sharing company’s stock worth $2,137,000 after purchasing an additional 1,810 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Jill Hazelbaker sold 40,000 shares of the 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 sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated 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 directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on UBER. Evercore ISI lifted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Melius Research initiated coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a research note on Friday, August 23rd. Raymond James assumed coverage on Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $87.81.

Uber Technologies Stock Down 1.2 %

NYSE:UBER opened at $75.75 on Monday. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The company has a market capitalization of $158.28 billion, a PE ratio of 122.18, a P/E/G ratio of 1.38 and a beta of 1.33. The firm’s 50-day moving average price is $70.26 and its 200-day moving average price is $70.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

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

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.