Uber Technologies, Inc. $UBER Shares Sold by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,200 shares of the ride-sharing company’s stock after selling 11,300 shares during the quarter. Uber Technologies comprises approximately 5.7% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 6th largest position. Mountain Hill Investment Partners Corp.’s holdings in Uber Technologies were worth $6,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the first quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC increased its position in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the period. Pacer Advisors Inc. increased its position in Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after acquiring an additional 6,254,898 shares during the period. Vanguard Group Inc. increased its position in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Finally, Nordea Investment Management AB increased its position in Uber Technologies by 105.9% during the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after acquiring an additional 2,807,967 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the sale, the insider owned 172,846 shares in the company, valued at approximately $16,074,678. The trade was a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 604,946 shares of company stock worth $58,950,116 in the last three months. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.2%

Shares of Uber Technologies stock opened at $96.71 on Friday. The firm has a market capitalization of $201.68 billion, a PE ratio of 16.48 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $95.56 and its two-hundred day moving average price is $90.50. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly 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 firm 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 revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Capital boosted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Mizuho assumed coverage on shares of Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price on the stock. Raymond James Financial boosted 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. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Guggenheim raised shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.82.

Uber Technologies Company 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.