Uber Technologies, Inc. $UBER Shares Sold by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI drastically reduced its stake in Uber Technologies by 90.2%, bringing its total holdings to 34,498 shares valued at approximately $3.2 million after selling 318,312 shares during the second quarter.
• During the same period, other institutional investors such as Geneos Wealth Management Inc. increased their stake by 805.4%, while Fort Washington Investment Advisors Inc. OH raised theirs by 42.7%, indicating mixed sentiment among hedge funds regarding Uber.
• Uber reported a net margin of 26.68% for the last quarter, with revenues of $12.65 billion, surpassing analyst expectations and demonstrating a year-over-year revenue growth of 18.2%.

Commerzbank Aktiengesellschaft FI reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 90.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,498 shares of the ride-sharing company's stock after selling 318,312 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Uber Technologies were worth $3,219,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of Uber Technologies in the second quarter valued at $96,000. Geneos Wealth Management Inc. raised its stake in shares of Uber Technologies by 805.4% in 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 acquiring an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Uber Technologies by 42.7% in 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 acquiring an additional 226,960 shares in the last quarter. Kapstone Financial Advisors LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at $415,000. Finally, Revolve Wealth Partners LLC raised its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $96.06 on Friday. 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, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The business's 50-day moving average price is $94.73 and its 200 day moving average price is $87.69. The firm has a market cap of $200.32 billion, a P/E ratio of 16.36 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Sanford C. Bernstein increased their target price on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Stifel Nicolaus increased their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. BMO Capital Markets increased their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Mizuho assumed coverage on Uber Technologies in a report on Monday, September 29th. They issued an "outperform" rating and a $130.00 target price on the stock. Finally, Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Two analysts have 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $104.03.

Insider Activity

In related news, insider Tony West sold 100,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 601,821 shares of company stock valued at $58,659,491. Insiders own 3.84% of the company's stock.

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.

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