Talon Private Wealth LLC Has $782,000 Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Talon Private Wealth LLC reduced its stake in Uber Technologies by 30.5%, holding 10,735 shares valued at approximately $782,000 after selling 4,700 shares.
• Several institutional investors have increased their positions in Uber, including Revolve Wealth Partners LLC, which raised its stake by 65.0% in the fourth quarter.
• Uber Technologies recently reported earnings of $0.63 per share, beating expectations and showing a 18.2% increase in revenue compared to the same quarter last year.

Talon Private Wealth LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,735 shares of the ride-sharing company's stock after selling 4,700 shares during the period. Talon Private Wealth LLC's holdings in Uber Technologies were worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tenzing Global Management LLC grew its position in Uber Technologies by 104.5% during the 1st quarter. Tenzing Global Management LLC now owns 112,500 shares of the ride-sharing company's stock worth $8,197,000 after acquiring an additional 57,500 shares during the last quarter. Theleme Partners LLP grew its position in Uber Technologies by 22.0% during the 1st quarter. Theleme Partners LLP now owns 1,529,750 shares of the ride-sharing company's stock worth $111,458,000 after acquiring an additional 276,000 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in Uber Technologies by 36.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 720,754 shares of the ride-sharing company's stock worth $52,514,000 after buying an additional 191,783 shares during the period. United American Securities Inc. d b a UAS Asset Management lifted its holdings in Uber Technologies by 197.2% during the 1st quarter. United American Securities Inc. d b a UAS Asset Management now owns 244,220 shares of the ride-sharing company's stock worth $17,794,000 after buying an additional 162,057 shares during the period. Finally, Select Equity Group L.P. acquired a new position in Uber Technologies during the 1st quarter worth about $9,299,000. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $1,061,523.54. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 3,125 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares in the company, valued at $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock valued at $4,632,774 over the last 90 days. 3.70% of the stock is owned by company insiders.

Uber Technologies Trading Up 3.5%

Shares of NYSE:UBER traded up $3.18 during midday trading on Monday, reaching $94.17. The company's stock had a trading volume of 18,882,614 shares, compared to its average volume of 14,490,310. The firm has a market capitalization of $196.38 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.04 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. The firm has a 50 day moving average price of $92.44 and a two-hundred day moving average price of $84.16. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on UBER shares. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Stifel Nicolaus lifted their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Roth Capital lifted their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, KeyCorp lifted their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

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.