Cwm LLC Sells 28,510 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cwm LLC trimmed its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,775 shares of the ride-sharing company’s stock after selling 28,510 shares during the period. Cwm LLC’s holdings in Uber Technologies were worth $16,443,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UBER. Gunderson Capital Management Inc. lifted its holdings in Uber Technologies by 9.1% during the 3rd quarter. Gunderson Capital Management Inc. now owns 114,456 shares of the ride-sharing company’s stock worth $8,603,000 after buying an additional 9,505 shares in the last quarter. Daymark Wealth Partners LLC raised its position in shares of Uber Technologies by 14.8% during the third quarter. Daymark Wealth Partners LLC now owns 7,287 shares of the ride-sharing company’s stock worth $548,000 after acquiring an additional 940 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in shares of Uber Technologies by 51.8% during the third quarter. Peddock Capital Advisors LLC now owns 4,842 shares of the ride-sharing company’s stock valued at $364,000 after acquiring an additional 1,653 shares during the period. Objectivity Squared LLC boosted its holdings in Uber Technologies by 288.8% in the third quarter. Objectivity Squared LLC now owns 59,782 shares of the ride-sharing company’s stock valued at $4,459,000 after acquiring an additional 44,405 shares during the last quarter. Finally, Future Financial Wealth Managment LLC increased its position in Uber Technologies by 11.1% in the third quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 500 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were 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 directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UBER shares. Bank of America reaffirmed a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a research note on Friday, August 23rd. Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price for the company. DA Davidson upped their target price on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Loop Capital lifted their price objective on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.11.

Uber Technologies Trading Up 0.0 %

Shares of Uber Technologies stock opened at $77.90 on Friday. The stock has a market cap of $163.66 billion, a P/E ratio of 85.60, a P/E/G ratio of 1.35 and a beta of 1.33. 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, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The business’s 50 day moving average is $72.10 and its 200-day moving average is $70.51.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion during 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 company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 1.08 earnings per share 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.