DRW Securities LLC Has $394,000 Stock Position in Uber Technologies, Inc. $UBER

DRW Securities LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 37.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,405 shares of the ride-sharing company's stock after selling 3,180 shares during the quarter. DRW Securities LLC's holdings in Uber Technologies were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brasada Capital Management LP lifted its stake in Uber Technologies by 28.5% in the first quarter. Brasada Capital Management LP now owns 88,241 shares of the ride-sharing company's stock valued at $6,429,000 after buying an additional 19,562 shares during the period. Harber Asset Management LLC acquired a new position in Uber Technologies in the first quarter valued at approximately $8,365,000. Ardmore Road Asset Management LP acquired a new position in Uber Technologies in the first quarter valued at approximately $14,572,000. Titleist Asset Management LLC lifted its stake in Uber Technologies by 52.5% in the first quarter. Titleist Asset Management LLC now owns 34,476 shares of the ride-sharing company's stock valued at $2,512,000 after buying an additional 11,872 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in Uber Technologies by 15.1% in the first quarter. Baird Financial Group Inc. now owns 238,970 shares of the ride-sharing company's stock valued at $17,411,000 after buying an additional 31,336 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 over the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. KeyCorp boosted their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Roth Capital boosted their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group boosted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Loop Capital restated a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Trading Down 2.3%

Shares of Uber Technologies stock opened at $93.80 on Tuesday. The stock has a fifty day simple moving average of $92.39 and a 200 day simple moving average of $83.73. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a market capitalization of $195.61 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

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

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