Uber Technologies, Inc. $UBER Shares Sold by Sandhill Capital Partners LLC

Key Points

• Sandhill Capital Partners LLC reduced its stake in Uber Technologies by 4.7%, selling 33,931 shares and now holding 683,279 shares which are worth approximately $49.8 million.
• Uber's stock performance shows a 52-week range between $59.33 and $97.71, with a current market capitalization of $198.86 billion.
• The company's latest quarterly earnings surpassed estimates, reporting an EPS of $0.63 against the expected $0.61, with a revenue of $12.65 billion, up 18.2% year-over-year.

Sandhill Capital Partners LLC decreased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 683,279 shares of the ride-sharing company's stock after selling 33,931 shares during the period. Uber Technologies comprises approximately 4.1% of Sandhill Capital Partners LLC's portfolio, making the stock its 7th biggest holding. Sandhill Capital Partners LLC's holdings in Uber Technologies were worth $49,784,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. boosted its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

UBER stock opened at $95.3560 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The company has a market capitalization of $198.86 billion, a P/E ratio of 16.24, a PEG ratio of 1.08 and a beta of 1.43. The company has a 50-day simple moving average of $90.51 and a 200 day simple moving average of $82.36. 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 posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for 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 firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. UBS Group lifted their target price on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Piper Sandler lifted their price objective on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. BMO Capital Markets increased their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Raymond James Financial boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Finally, Bank of America lifted their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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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