Rockingstone Advisors LLC Sells 10,335 Shares of Uber Technologies, Inc. (NYSE:UBER)

Rockingstone Advisors LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 33.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,809 shares of the ride-sharing company’s stock after selling 10,335 shares during the period. Rockingstone Advisors LLC’s holdings in Uber Technologies were worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UBER. Financial Management Professionals Inc. increased its position in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $32,000. Founders Capital Management bought a new stake in shares of Uber Technologies during the 2nd quarter worth $33,000. YHB Investment Advisors Inc. bought a new position in shares of Uber Technologies during the first quarter valued at about $37,000. Finally, Bfsg LLC purchased a new stake in Uber Technologies during the 4th quarter valued at about $31,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UBER. Tigress Financial increased their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. Melius started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Piper Sandler lifted their price objective on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Finally, DA Davidson lifted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.47.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 89,234 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares in the company, valued at $8,518,750.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Uber Technologies news, insider Tony West sold 89,234 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the sale, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders have sold 617,234 shares of company stock worth $44,017,734 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.70 during mid-day trading on Friday, reaching $72.03. 11,540,176 shares of the stock traded hands, compared to its average volume of 19,071,258. The stock has a market capitalization of $151.33 billion, a PE ratio of 116.19, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50-day moving average is $68.90 and its 200-day moving average is $71.13. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

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.