Uber Technologies, Inc. $UBER Shares Sold by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC sold 3,454 shares of Uber Technologies, reducing its position by 1.3% during the second quarter, maintaining 263,325 shares worth approximately $24.57 million.
• Uber's stock is currently down 2.6%, with shares trading at $93.52 and a market cap of $195.03 billion, while its earnings per share for the latest quarter was $0.63, exceeding analyst expectations.
• Several analysts have updated their target prices for Uber Technologies, with most maintaining a "Buy" rating, reflecting ongoing confidence in the company's performance despite recent insider selling.

Yousif Capital Management LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,325 shares of the ride-sharing company's stock after selling 3,454 shares during the period. Yousif Capital Management LLC's holdings in Uber Technologies were worth $24,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in Uber Technologies during the first quarter valued at about $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the second quarter worth about $28,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the period. Truvestments Capital LLC boosted its holdings in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after buying an additional 339 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies in the second quarter worth about $30,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 2.6%

Shares of Uber Technologies stock opened at $93.52 on Monday. The firm has a market cap of $195.03 billion, a price-to-earnings ratio of 15.93 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, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The stock has a 50-day simple moving average of $94.86 and a 200-day simple moving average of $88.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction dated Friday, August 15th. The stock was 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 directly owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 100,000 shares of Uber Technologies 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 sale, the insider owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 over the last quarter. Insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, October 3rd. UBS Group raised their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets raised their price objective on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $104.03.

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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