Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,960 shares of the ride-sharing company’s stock after selling 1,450 shares during the period. Signature Wealth Management Partners LLC’s holdings in Uber Technologies were worth $360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its stake in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies in the 1st quarter valued at $32,000. Founders Capital Management acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $33,000. YHB Investment Advisors Inc. acquired a new position in shares of Uber Technologies in the 1st quarter valued at $37,000. Finally, Bfsg LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,117,234 shares of company stock valued at $76,982,734. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on UBER. Tigress Financial boosted their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 19th. TD Cowen boosted their price objective on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Bank of America cut their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. UBS Group cut their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.47.

Uber Technologies Price Performance

NYSE UBER traded up $0.72 during mid-day trading on Monday, hitting $69.26. The stock had a trading volume of 10,740,383 shares, compared to its average volume of 19,221,949. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a market cap of $145.51 billion, a price-to-earnings ratio of 111.71, a P/E/G ratio of 1.45 and a beta of 1.36. The company has a 50 day simple moving average of $68.47 and a 200 day simple moving average of $71.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 0.89 EPS for the current fiscal year.

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.