Sandhill Capital Partners LLC Sells 33,931 Shares of Uber Technologies, Inc. $UBER

Sandhill Capital Partners LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.7% in the first quarter, Holdings Channel reports. The firm owned 683,279 shares of the ride-sharing company’s stock after selling 33,931 shares during the period. Uber Technologies accounts for 4.1% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Sandhill Capital Partners LLC’s holdings in Uber Technologies were worth $49,784,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Transce3nd LLC acquired a new position in Uber Technologies in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. boosted its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $95.3560 on Wednesday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $198.86 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.08 and a beta of 1.43. The firm’s fifty day moving average price is $90.51 and its two-hundred day moving average price is $82.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for 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 company’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on UBER. Citigroup upped their target price on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. The Goldman Sachs Group increased their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America raised their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.82.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

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.