Uber Technologies, Inc. $UBER Shares Sold by Requisite Capital Management LLC

Requisite Capital Management LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 70.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,113 shares of the ride-sharing company’s stock after selling 9,971 shares during the quarter. Requisite Capital Management LLC’s holdings in Uber Technologies were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in shares of Uber Technologies by 13.6% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 63,869 shares of the ride-sharing company’s stock valued at $5,959,000 after buying an additional 7,669 shares during the period. Cooper Financial Group lifted its holdings in shares of Uber Technologies by 276.2% in the second quarter. Cooper Financial Group now owns 17,219 shares of the ride-sharing company’s stock valued at $1,607,000 after buying an additional 12,642 shares during the period. Bosman Wealth Management LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at $3,539,000. Chicago Capital LLC lifted its holdings in shares of Uber Technologies by 5.3% in the second quarter. Chicago Capital LLC now owns 1,308,105 shares of the ride-sharing company’s stock valued at $122,046,000 after buying an additional 66,040 shares during the period. Finally, Greenleaf Trust lifted its holdings in shares of Uber Technologies by 8.2% in the second quarter. Greenleaf Trust now owns 24,614 shares of the ride-sharing company’s stock valued at $2,296,000 after buying an additional 1,862 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.6%

NYSE:UBER opened at $97.94 on Wednesday. The firm has a market capitalization of $204.25 billion, a price-to-earnings ratio of 16.68 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average price is $93.58 and its 200 day moving average price is $86.64.

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

Insider Activity

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, 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. Insiders sold 604,571 shares of company stock valued at $58,920,741 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UBER shares. Raymond James Financial upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. BMO Capital Markets upped their target price on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Mizuho initiated coverage on Uber Technologies in a research report on Monday. They issued an “outperform” rating and a $130.00 price target for the company. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Susquehanna upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.09.

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.