ST Germain D J Co. Inc. Sells 297,972 Shares of Uber Technologies, Inc. $UBER

Key Points

• ST Germain D J Co. Inc. drastically reduced its stake in Uber Technologies by 96.1%, selling 297,972 shares, leaving it with just 12,135 shares valued at $1,132,000.
• Several other institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their holdings in Uber Technologies, indicating strong interest from hedge funds.
• Uber reported earnings that surpassed analysts' expectations with an EPS of $0.63, alongside a revenue of $12.65 billion for the quarter, up 18.2% year-over-year.

ST Germain D J Co. Inc. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,135 shares of the ride-sharing company's stock after selling 297,972 shares during the period. ST Germain D J Co. Inc.'s holdings in Uber Technologies were worth $1,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC lifted its holdings in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $44,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Uber Technologies by 17.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 25,888 shares of the ride-sharing company's stock worth $1,886,000 after purchasing an additional 3,781 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER opened at $98.37 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The business has a 50 day simple moving average of $93.29 and a two-hundred day simple moving average of $86.14. The stock has a market capitalization of $205.14 billion, a PE ratio of 16.76 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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 return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the company earned $0.47 EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Bank of America increased their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets lifted their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Needham & Company LLC upped their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.30.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction 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 completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock valued at $58,920,741 over the last 90 days. 3.84% 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.