Uber Technologies, Inc. $UBER Holdings Cut by Simplicity Wealth LLC

Simplicity Wealth LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,258 shares of the ride-sharing company’s stock after selling 1,122 shares during the period. Simplicity Wealth LLC’s holdings in Uber Technologies were worth $1,237,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UBER shares. Mizuho assumed coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. Stifel Nicolaus upped their price target on Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Raymond James Financial increased 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. Needham & Company LLC boosted their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Barclays reiterated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Uber Technologies Stock Up 3.5%

Shares of UBER stock opened at $100.02 on Tuesday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. 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 firm has a market cap of $208.58 billion, a PE ratio of 17.04 and a beta of 1.48. The stock has a 50 day moving average of $94.12 and a 200-day moving average of $87.40.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping 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%. Uber Technologies’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 601,821 shares of company stock worth $58,659,491. 3.70% of the stock is currently owned by corporate insiders.

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.