Regal Investment Advisors LLC Cuts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Regal Investment Advisors LLC lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,995 shares of the ride-sharing company’s stock after selling 949 shares during the period. Regal Investment Advisors LLC’s holdings in Uber Technologies were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Invst LLC boosted its position in Uber Technologies by 45.7% during the 2nd quarter. Invst LLC now owns 3,911 shares of the ride-sharing company’s stock valued at $278,000 after buying an additional 1,227 shares during the period. NewEdge Advisors LLC raised its stake in shares of Uber Technologies by 40.4% during the second quarter. NewEdge Advisors LLC now owns 176,713 shares of the ride-sharing company’s stock valued at $12,844,000 after acquiring an additional 50,856 shares during the last quarter. Nemes Rush Group LLC boosted its holdings in shares of Uber Technologies by 7.5% during the second quarter. Nemes Rush Group LLC now owns 20,441 shares of the ride-sharing company’s stock worth $1,486,000 after purchasing an additional 1,434 shares during the period. Creative Planning grew its stake in shares of Uber Technologies by 3.3% in the second quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock worth $10,587,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Ascent Group LLC increased its holdings in Uber Technologies by 8.1% during the 2nd quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock valued at $1,501,000 after purchasing an additional 1,546 shares during the period. 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 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 transaction, 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 through this link. In related 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 transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’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 in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Wolfe Research began coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target on the stock. Citigroup upped their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.81.

Uber Technologies Trading Down 1.9 %

Shares of NYSE:UBER opened at $72.85 on Thursday. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The stock’s fifty day moving average price is $70.68 and its 200-day moving average price is $70.57. The company has a market cap of $153.05 billion, a P/E ratio of 117.50, a PEG ratio of 1.32 and a beta of 1.33. 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 results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current 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.