Focused Wealth Management Inc Reduces Holdings in Uber Technologies, Inc. $UBER

Key Points

• Focused Wealth Management Inc has decreased its holdings in Uber Technologies, Inc. by 60.8%, now owning only 3,298 shares worth approximately $308,000.
• Several other institutional investors have increased their stakes in Uber, with Brighton Jones LLC and Revolve Wealth Partners LLC growing their holdings by 3.4% and 65.0%, respectively, in the fourth quarter.
• Despite recent insider sales, analysts are optimistic, with multiple firms upgrading their price targets for Uber to as high as $127.00, and maintaining an "overweight" rating on the stock.

Focused Wealth Management Inc decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 60.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,298 shares of the ride-sharing company's stock after selling 5,105 shares during the period. Focused Wealth Management Inc's holdings in Uber Technologies were worth $308,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC grew its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in Uber Technologies in the fourth quarter worth $395,000. Bison Wealth LLC raised its holdings in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after purchasing an additional 641 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Uber Technologies during the fourth quarter valued at $865,000. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $93.94, for a total value of $293,562.50. Following the completion of the sale, the insider directly owned 171,558 shares in the company, valued at $16,116,158.52. This represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 354,571 shares of company stock worth $33,810,741. Company insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $99.48 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $207.47 billion, a PE ratio of 16.95 and a beta of 1.43. The firm's 50 day moving average price is $92.74 and its 200-day moving average price is $85.61. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UBER shares. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Barclays reaffirmed 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. Wells Fargo & Company boosted their price target on Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.06.

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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