L.M. Kohn & Company Cuts Position in Uber Technologies, Inc. $UBER

L.M. Kohn & Company reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the ride-sharing company’s stock after selling 183 shares during the quarter. L.M. Kohn & Company’s holdings in Uber Technologies were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $30,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Truvestments Capital LLC boosted its stake in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Mizuho began coverage on shares of Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Needham & Company LLC raised their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Raymond James Financial raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Uber Technologies Trading Down 0.9%

Shares of UBER stock opened at $95.55 on Wednesday. The stock has a market cap of $199.27 billion, a price-to-earnings ratio of 16.28 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 fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm’s 50 day moving average price is $95.48 and its two-hundred day moving average price is $90.01.

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

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 604,946 shares of company stock valued at $58,950,116. 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.