Wellington Shields & Co. LLC Sells 350 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wellington Shields & Co. LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 43.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 454 shares of the ride-sharing company’s stock after selling 350 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Uber Technologies were worth $33,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC raised its holdings in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp bought a new position in Uber Technologies during the 1st quarter worth approximately $32,000. MCF Advisors LLC grew its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the period. Finally, Founders Capital Management acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $33,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s 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 sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on UBER shares. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. TD Cowen raised their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Tuesday, July 30th. Morgan Stanley raised their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Melius Research began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Trading Up 1.6 %

NYSE UBER opened at $70.11 on Thursday. The stock has a market capitalization of $146.50 billion, a price-to-earnings ratio of 113.08, a PEG ratio of 1.24 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. 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 fifty day moving average is $69.45 and its 200-day moving average is $71.05.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 1.05 EPS for the current 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.