Uber Technologies, Inc. $UBER Shares Sold by HS Management Partners LLC

Key Points

• HS Management Partners LLC reduced its stake in Uber Technologies by 16.5%, holding 682,750 shares after selling 135,300 shares during the second quarter.
• Insider Tony West sold 100,000 shares at an average price of $100.38, a transaction valued at $10.04 million, representing a 36.82% decrease in his holdings.
• Uber Technologies reported a net margin of 26.68% and a year-over-year revenue increase of 18.2%, with earnings per share topping analyst expectations.

HS Management Partners LLC trimmed its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 682,750 shares of the ride-sharing company's stock after selling 135,300 shares during the quarter. Uber Technologies makes up 5.2% of HS Management Partners LLC's holdings, making the stock its 7th largest holding. HS Management Partners LLC's holdings in Uber Technologies were worth $63,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies during the 1st quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC increased its position in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Finally, Boston Partners lifted its position in shares of Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after acquiring an additional 2,749,456 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock worth $58,920,741 in the last 90 days. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER opened at $98.37 on Friday. The firm has a market cap of $205.14 billion, a price-to-earnings ratio of 16.76 and a beta of 1.43. The company's fifty day moving average is $93.29 and its 200-day moving average is $86.14. 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 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Stifel Nicolaus lifted their price target on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. UBS Group raised their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.30.

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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