Signature Estate & Investment Advisors LLC Sells 11,813 Shares of Uber Technologies, Inc. $UBER

Key Points

• Signature Estate & Investment Advisors LLC reduced its stake in Uber Technologies by 1.3%, selling 11,813 shares, and now owns a total of 879,867 shares worth approximately $82 million.
• Institutional investors collectively own 80.24% of Uber's stock, with significant increases in holdings from several funds, including Pershing Square Capital Management and Vanguard Group.
• Uber reported $12.65 billion in revenue for the last quarter, exceeding analyst estimates, and reported earnings per share of $0.63, beating expectations by $0.02.

Signature Estate & Investment Advisors LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 879,867 shares of the ride-sharing company's stock after selling 11,813 shares during the quarter. Uber Technologies makes up 1.9% of Signature Estate & Investment Advisors LLC's holdings, making the stock its 13th biggest holding. Signature Estate & Investment Advisors LLC's holdings in Uber Technologies were worth $82,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the first quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Uber Technologies by 334,075.7% during the second 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 during the period. Pacer Advisors Inc. lifted its holdings in shares of Uber Technologies by 2,571.2% during the first 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 during the period. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 3.2% during the first 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 during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Uber Technologies by 105.9% during the second 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 during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER stock opened at $92.29 on Friday. The company's fifty day simple moving average is $95.22 and its 200 day simple moving average is $88.50. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The firm has a market cap of $192.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UBER shares. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Guggenheim upgraded shares of Uber Technologies to a "strong-buy" rating in a report on Wednesday. Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Piper Sandler boosted their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $105.68.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares of the company's stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated 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 sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $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 sold a total of 601,821 shares of company stock valued at $58,659,491 over the last quarter. 3.84% of the stock is currently owned by company 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.

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