Uber Technologies, Inc. $UBER Shares Sold by Beech Hill Advisors Inc.

Key Points

• Beech Hill Advisors Inc. reduced its stake in Uber Technologies by 32.3%, now holding 69,910 shares valued at approximately $6.5 million.
• Uber Technologies' stock received increased price targets from several analysts, with Sanford C. Bernstein raising its target from $95 to $110 and Stifel Nicolaus increasing its target to $117.
• The ride-sharing company reported a revenue of $12.65 billion for the last quarter, exceeding expectations and showing a 18.2% year-over-year growth.

Beech Hill Advisors Inc. lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,910 shares of the ride-sharing company's stock after selling 33,291 shares during the period. Uber Technologies comprises about 2.9% of Beech Hill Advisors Inc.'s portfolio, making the stock its 5th biggest holding. Beech Hill Advisors Inc.'s holdings in Uber Technologies were worth $6,523,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UBER. Nova Wealth Management Inc. increased its holdings in Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Atticus Wealth Management LLC increased its holdings in Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 127 shares in the last quarter. Forum Financial Management LP increased its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after purchasing an additional 136 shares in the last quarter. Crewe Advisors LLC increased its holdings in Uber Technologies by 18.6% in the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company's stock worth $82,000 after purchasing an additional 137 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein increased their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Stifel Nicolaus raised their price objective on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Finally, Susquehanna raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $105.68.

Uber Technologies Trading Up 1.5%

NYSE UBER opened at $93.73 on Tuesday. The business has a 50 day simple moving average of $95.28 and a 200 day simple moving average of $88.93. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a market capitalization of $195.46 billion, a P/E ratio of 15.97 and a beta of 1.48. 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 (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the sale, the insider owned 172,846 shares of the company's stock, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company's stock, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 604,946 shares of company stock valued at $58,950,116. Company insiders own 3.70% of the company's stock.

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.

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