SWS Partners Sells 4,319 Shares of Uber Technologies, Inc. $UBER

Key Points

• SWS Partners has reduced its stake in Uber Technologies by 8.8%, selling 4,319 shares to hold a total of 44,605 shares, which is now 1.1% of its portfolio.
• Several hedge funds have increased their positions in Uber, with Geneos Wealth Management increasing its stake by 805.4% during the first quarter, now owning 102,706 shares.
• In its latest earnings report, Uber reported $0.63 earnings per share, exceeding estimates, with a revenue of $12.65 billion, up 18.2% year-over-year.

SWS Partners reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,605 shares of the ride-sharing company's stock after selling 4,319 shares during the quarter. Uber Technologies comprises about 1.1% of SWS Partners' portfolio, making the stock its 23rd biggest position. SWS Partners' holdings in Uber Technologies were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after purchasing an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock valued at $70,822,000 after purchasing an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $415,000. Finally, Revolve Wealth Partners LLC grew its stake in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 0.8%

UBER opened at $98.37 on Monday. The firm's fifty day moving average is $93.29 and its two-hundred day moving average is $86.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $205.14 billion, a PE ratio of 16.76 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Tony West sold 100,000 shares of the stock in a transaction on 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 owned 171,558 shares of the company's stock, valued at $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company's stock, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,571 shares of company stock valued at $58,920,741. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UBER. Needham & Company LLC increased their price objective 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. Barclays restated an "overweight" rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Piper Sandler increased their price objective 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. Sanford C. Bernstein increased their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $103.30.

About Uber Technologies

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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