Junto Capital Management LP Reduces Position in Uber Technologies, Inc. $UBER

Key Points

• Junto Capital Management LP has reduced its position in Uber Technologies, Inc. by 53.5%, selling 344,196 shares and now owning 299,664 shares worth approximately $21.83 million.
• Insider Jill Hazelbaker sold 31,250 shares of Uber stock for over $3 million, representing a 26.53% decrease in her ownership.
• Uber Technologies' stock is currently down 2.3%, with a market cap of $195.61 billion and a recent earnings report that beat analysts' expectations.

Junto Capital Management LP cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 53.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,664 shares of the ride-sharing company's stock after selling 344,196 shares during the quarter. Junto Capital Management LP's holdings in Uber Technologies were worth $21,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the first quarter worth about $27,000. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the first quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

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, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock valued at $4,632,774 over the last ninety days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.3%

UBER stock opened at $93.80 on Friday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company's 50 day moving average is $92.21 and its 200 day moving average is $83.58. The stock has a market cap of $195.61 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results 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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the business earned $0.47 earnings per share. The business's quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. Citigroup increased their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Piper Sandler increased their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

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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