SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Sells 28,290 Shares of Uber Technologies, Inc. $UBER

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 37.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,647 shares of the ride-sharing company’s stock after selling 28,290 shares during the period. Uber Technologies comprises about 3.3% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings, making the stock its 9th largest position. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings in Uber Technologies were worth $4,284,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $96,000. American Capital Advisory LLC increased its position in shares of Uber Technologies by 47.8% during the second quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after acquiring an additional 4,204 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Uber Technologies by 2.6% during the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares during the period. Teacher Retirement System of Texas lifted its holdings in Uber Technologies by 50.2% during the second quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after acquiring an additional 183,085 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after purchasing an additional 91,362 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 602,000 shares of company stock valued at $58,695,660 in the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

UBER opened at $89.28 on Thursday. The company has a market capitalization of $185.50 billion, a price-to-earnings ratio of 11.48 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $95.27 and a 200-day moving average price of $91.92. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the firm earned $1.20 EPS. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Sanford C. Bernstein raised their target price on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Cantor Fitzgerald lifted their price objective on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

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.