International Assets Investment Management LLC Sells 3,431 Shares of Uber Technologies, Inc. $UBER

Key Points

• International Assets Investment Management LLC has reduced its holdings in Uber Technologies, Inc. by 30.8%, selling 3,431 shares and leaving them with a total of 7,692 shares valued at $718,000.
• Major institutional investors, including Pershing Square Capital Management and Kingstone Capital Partners, have significantly increased their stakes in Uber, with Kingstone increasing its holdings by over 334,000%.
• Uber Technologies reported $0.63 earnings per share for the last quarter, exceeding estimates, with revenues of $12.65 billion, marking an 18.2% year-over-year increase.

International Assets Investment Management LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,692 shares of the ride-sharing company's stock after selling 3,431 shares during the period. International Assets Investment Management LLC's holdings in Uber Technologies were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC increased its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. increased its holdings in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company's stock worth $506,618,000 after purchasing an additional 2,807,967 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 1.5%

Shares of UBER stock opened at $93.73 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a market capitalization of $195.46 billion, a PE ratio of 15.97 and a beta of 1.48. The business's fifty day moving average is $95.28 and its 200 day moving average is $88.93.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on UBER shares. Royal Bank Of Canada boosted their price objective on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Morgan Stanley restated an "overweight" rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. UBS Group boosted their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Roth Capital boosted their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.68.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 in the last ninety days. 3.70% of the stock is owned by insiders.

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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