Uber Technologies, Inc. (NYSE:UBER) Holdings Cut by Horizon Investments LLC

Key Points

• Horizon Investments LLC reduced its holdings in Uber Technologies by 10.1%, now owning 70,538 shares valued at approximately $5.14 million.
• During the first quarter, several other investors increased their stakes in Uber, with Certain LLC leading the increase at 968.9%, now owning 72,705 shares worth about $5.3 million.
• Uber Technologies reported a quarterly EPS of $0.63, beating estimates, and revenue of $12.65 billion, marking an 18.2% year-over-year increase.

Horizon Investments LLC lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,538 shares of the ride-sharing company's stock after selling 7,946 shares during the quarter. Horizon Investments LLC's holdings in Uber Technologies were worth $5,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Azimuth Capital Investment Management LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $9,767,000. KLCM Advisors Inc. acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $293,000. Certuity LLC increased its stake in shares of Uber Technologies by 968.9% in the first quarter. Certuity LLC now owns 72,705 shares of the ride-sharing company's stock valued at $5,297,000 after purchasing an additional 65,903 shares during the period. Inspire Trust Co. N.A. increased its stake in shares of Uber Technologies by 10.6% in the first quarter. Inspire Trust Co. N.A. now owns 52,000 shares of the ride-sharing company's stock valued at $3,789,000 after purchasing an additional 5,000 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Uber Technologies by 493.2% during the first quarter. Vestmark Advisory Solutions Inc. now owns 90,634 shares of the ride-sharing company's stock valued at $6,604,000 after acquiring an additional 75,354 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 0.7%

Shares of NYSE:UBER opened at $91.44 on Friday. The firm has a fifty day moving average of $90.05 and a two-hundred day moving average of $81.69. The firm has a market capitalization of $190.69 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month 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.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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 during 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 company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Sanford C. Bernstein boosted their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. UBS Group boosted their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, Wedbush dropped their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

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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