RWA Wealth Partners LLC Cuts Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• RWA Wealth Partners LLC reduced its holdings in Uber Technologies, Inc. by 11.3%, now owning 101,899 shares worth approximately $7.42 million.
• Uber's recent quarterly earnings reported earnings per share (EPS) of $0.63, surpassing estimates and showing an 18.2% increase in revenue compared to the same quarter last year.
• Analysts have varying ratings for Uber, with eleven holding a "hold" rating, twenty-nine a "buy," and recent price targets ranging from $84.00 to $113.00.

RWA Wealth Partners LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 101,899 shares of the ride-sharing company's stock after selling 13,025 shares during the period. RWA Wealth Partners LLC's holdings in Uber Technologies were worth $7,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in UBER. Transce3nd LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER opened at $93.89 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 company has a market cap of $195.80 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.06 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $97.71. The firm's fifty day simple moving average is $90.33 and its two-hundred day simple moving average is $82.27.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. Wedbush cut their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Raymond James Financial boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. Roth Capital boosted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, BMO Capital Markets boosted their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Eleven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.82.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.