Securian Asset Management Inc. Sells 1,325 Shares of Uber Technologies, Inc. $UBER

Securian Asset Management Inc. reduced its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,332 shares of the ride-sharing company’s stock after selling 1,325 shares during the quarter. Securian Asset Management Inc.’s holdings in Uber Technologies were worth $10,201,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UBER. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter worth approximately $27,000. West Oak Capital LLC bought a new stake in Uber Technologies in the second quarter worth approximately $28,000. Truvestments Capital LLC grew its stake in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $31,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Piper Sandler boosted their price objective on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Morgan Stanley restated an “overweight” rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Finally, Sanford C. Bernstein boosted their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $105.68.

Uber Technologies Stock Up 1.5%

Shares of NYSE:UBER opened at $93.73 on Tuesday. The stock has a market cap of $195.46 billion, a price-to-earnings ratio of 15.97 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The business’s 50 day moving average is $95.28 and its 200 day moving average is $88.93.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations 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 quarter 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.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction on 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 transaction, the insider owned 86,531 shares in the company, 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, 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 transaction, 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. In the last 90 days, insiders have sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is currently 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.