RWA Wealth Partners LLC Decreases Stake in Uber Technologies, Inc. $UBER

RWA Wealth Partners LLC reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,899 shares of the ride-sharing company’s stock after selling 13,025 shares during the period. RWA Wealth Partners LLC’s holdings in Uber Technologies were worth $7,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Select Advisors LLC purchased a new position in Uber Technologies during the first quarter worth about $221,000. Korea Investment CORP raised its stake in Uber Technologies by 0.7% during the first quarter. Korea Investment CORP now owns 1,715,211 shares of the ride-sharing company’s stock worth $124,970,000 after purchasing an additional 11,637 shares during the period. Alpha Family Trust purchased a new position in Uber Technologies during the first quarter worth about $319,000. Northern Trust Corp raised its stake in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after purchasing an additional 720,122 shares during the period. Finally, Brooklyn Investment Group raised its stake in Uber Technologies by 34.0% during the first quarter. Brooklyn Investment Group now owns 11,567 shares of the ride-sharing company’s stock worth $843,000 after purchasing an additional 2,933 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Raymond James Financial lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Canaccord Genuity Group reiterated a “hold” rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Stifel Nicolaus lifted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, UBS Group lifted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $102.82.

Uber Technologies Stock Up 1.4%

Shares of Uber Technologies stock opened at $93.89 on Tuesday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The company has a 50 day moving average of $90.33 and a 200 day moving average of $82.27. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $195.80 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.06 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

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.