Signature Estate & Investment Advisors LLC Decreases Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Signature Estate & Investment Advisors LLC reduced its stake in Uber Technologies by 6.7%, selling 64,459 shares and now holding 891,680 shares overall.
• Uber reported a quarterly EPS of $0.63, exceeding analysts' expectations and generating revenues of $12.65 billion, an 18.2% increase compared to the previous year.
• Insiders sold 48,696 shares of Uber stock worth approximately $4.6 million in the last quarter, indicating a shift in internal ownership dynamics.

Signature Estate & Investment Advisors LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 891,680 shares of the ride-sharing company's stock after selling 64,459 shares during the period. Uber Technologies makes up 1.7% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Signature Estate & Investment Advisors LLC's holdings in Uber Technologies were worth $64,968,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Vision Financial Markets LLC purchased a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC grew its stake in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. Finally, Perkins Coie Trust Co grew its stake in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Needham & Company LLC raised their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Piper Sandler raised their price target 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. Finally, Loop Capital reissued a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $103.06.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the transaction, the insider owned 170,269 shares in the company, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock worth $4,632,774 in the last 90 days. 3.70% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $1.21 during mid-day trading on Wednesday, reaching $94.24. 15,936,344 shares of the company were exchanged, compared to its average volume of 21,494,777. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. 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 $196.53 billion, a PE ratio of 16.05, a PEG ratio of 1.08 and a beta of 1.43. The company's 50 day moving average price is $92.54 and its 200 day moving average price is $84.30.

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, topping analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during 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 firm's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.