Inlight Wealth Management LLC Trims Position in Uber Technologies, Inc. $UBER

Inlight Wealth Management LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 69,511 shares of the ride-sharing company’s stock after selling 1,750 shares during the quarter. Uber Technologies makes up 1.7% of Inlight Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Inlight Wealth Management LLC’s holdings in Uber Technologies were worth $6,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kozak & Associates Inc. raised its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the first quarter worth $27,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter valued at $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $28,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 299 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a report on Friday. Finally, Raymond James Financial upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Uber Technologies Stock Performance

Shares of UBER opened at $96.53 on Monday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The stock has a market capitalization of $201.30 billion, a PE ratio of 16.44 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50-day simple moving average of $93.93 and a 200-day simple moving average of $87.23.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm 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 company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.70% of the stock is owned by insiders.

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.