Atria Wealth Solutions Inc. Sells 120,900 Shares of Uber Technologies, Inc. $UBER

Atria Wealth Solutions Inc. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 75.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,729 shares of the ride-sharing company's stock after selling 120,900 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Uber Technologies were worth $3,616,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank purchased a new stake in Uber Technologies during the second quarter valued at about $96,000. Geneos Wealth Management Inc. lifted its holdings in Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after purchasing an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock valued at $70,822,000 after purchasing an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC purchased a new stake in Uber Technologies during the second quarter valued at about $415,000. Finally, Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock valued at $58,659,491 over the last three months. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Up 0.1%

Shares of UBER opened at $94.21 on Wednesday. The firm's 50 day simple moving average is $95.07 and its 200 day simple moving average is $88.19. The company has a market capitalization of $196.47 billion, a P/E ratio of 16.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Stifel Nicolaus increased their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price target on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $105.06.

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.

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