Uber Technologies, Inc. $UBER Shares Sold by SWS Partners

Key Points

• SWS Partners has reduced its stake in Uber Technologies by 9.2%, now holding 48,924 shares valued at approximately $3.57 million, making it the firm's 23rd largest holding.
• Insider transactions included Jill Hazelbaker selling 31,250 shares for $3.01 million, representing a 26.53% decrease in her ownership.
• Uber Technologies recently reported earnings of $0.63 per share, surpassing analyst estimates and reflecting an 18.2% increase in revenue year-over-year, totaling $12.65 billion for the quarter.

SWS Partners reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,924 shares of the ride-sharing company's stock after selling 4,986 shares during the quarter. Uber Technologies accounts for approximately 1.1% of SWS Partners' holdings, making the stock its 23rd biggest position. SWS Partners' holdings in Uber Technologies were worth $3,565,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Uber Technologies by 805.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock worth $7,483,000 after acquiring an additional 91,362 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings 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 valued at $939,000 after buying an additional 6,129 shares during the period. Mufg Securities Americas Inc. purchased a new stake in Uber Technologies during the 4th quarter valued at $1,875,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Uber Technologies during the 1st quarter valued at $943,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Raymond James Financial increased their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Wells Fargo & Company increased their price target on Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Finally, Wedbush reduced their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.06.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider owned 170,269 shares in the company, valued at approximately $16,175,555. This trade represents 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 over the last ninety days. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER traded up $1.22 during trading on Friday, reaching $95.90. The stock had a trading volume of 13,652,955 shares, compared to its average volume of 14,605,267. The business has a fifty day moving average price of $92.62 and a 200-day moving average price of $84.64. The stock has a market cap of $199.99 billion, a PE ratio of 16.34, a PEG ratio of 1.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

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

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.