Uber Technologies, Inc. $UBER Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Uber Technologies, Inc. by 45.2%, selling 11,615 shares and ending with 14,090 shares valued at approximately $1,027,000.
• Several institutional investors have increased their stakes in Uber, with Vanguard Group Inc. owning 186,526,036 shares valued at about $13.6 billion, after acquiring an additional 5.8 million shares.
• Uber reported better-than-expected quarterly earnings, with earnings per share (EPS) of $0.63 surpassing estimates and a revenue of $12.65 billion, representing an 18.2% increase year-over-year.

Dynamic Technology Lab Private Ltd lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 45.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,090 shares of the ride-sharing company's stock after selling 11,615 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Uber Technologies were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of UBER. Brighton Jones LLC lifted its stake in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Uber Technologies by 65.0% in the 4th 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. Bank Pictet & Cie Europe AG acquired a new position in shares of Uber Technologies in the 4th quarter valued at $395,000. Bison Wealth LLC lifted its stake in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after acquiring an additional 641 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in Uber Technologies by 15.5% during the 4th quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock worth $329,000 after acquiring an additional 732 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 3.5%

Shares of UBER traded up $3.18 during mid-day trading on Monday, reaching $94.17. The company's stock had a trading volume of 18,882,614 shares, compared to its average volume of 14,490,310. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The stock has a market cap of $196.38 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50 day moving average is $92.44 and its 200 day moving average is $84.16.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS 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 return on equity of 59.96% and a net margin of 26.68%.The business's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UBER shares. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Royal Bank Of Canada increased their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Barclays reissued an "overweight" rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Piper Sandler increased their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.06.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider directly owned 170,269 shares of the company's stock, valued at $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock valued at $4,632,774 over the last 90 days. Insiders own 3.70% of the company's stock.

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.